And THAT, is with poor market condition such as 50% of rent going in expenses which could easily be only 30-40%, 5% interest rate which is almost twice as high as what you can get nowdays and appreciation of 1% which could be 2%-5% in some markets.You see, and that is my opinion (I'm only a business student with not much experience in Real Estate but a lot of theorycrafting), buying a rental property might be a smarter and ''get rich quicker'' choice here.From a financial analysis point, you get more money per dollar invested by buying it yourself instead of loaning your money.

Meanwhile, I’ll be gaining experience in the industry and making connections through my job.Financially, I gross six figures, but also have six figures in student loan debt (no other debt).

My realtor's company also does property management and they gave me an estimated rent of $750-$900/mo in rent depending on how nice we fix it up.Ultimately I am trying to build up a portfolio of buy and hold properties to rent to law students in the Montgomery Area but since this is my first deal and I live in Houston - I am wondering what advice you may have on wholesaling it for maybe a $10,000 fee, flip it for a potential profit of $40K+/-, or rehab and rent it out.  

I'm a full time student at UTD and I've decided to try my hand at wholesaling here in Dallas.

In the interest of prevention, is there anything about the tenants or type of tenants that could have clued you into this risk.Class D tenants & students are higher risk for these kinds of damages.

hey Bp community, I'm a full time student and worker with a little debt and a little cash.

There have been rumors that the state college in town (around 3000 students) is in trouble and could go bankrupt.  

Currently, I am a student that is using the GI Bill from my time in the military to pay my for school and living expenses.

If there is a surplus in the account - tenant has paid in more than they have consumed - we offer the choice of a) leaving the funds in the account in anticipation of larger bills (i.e. winter is coming); b) applying the surplus toward the next month's rent; or c) {at the end of the lease only} refunding the surplus to the tenant.If there is a deficit - the tenant's resource consumption exceeded their contributions into the fund - the tenant is invoiced and has until the first of the next month to pay the outstanding balance.Originally we started this offering with our student houses, as I refused to rent with utilities included.  

You might consider Niche or Specialized Housing like student housing.