When speaking my State Farm insurance they indicated to me that the investment property needs to be occupied by someone within 30 days with a copy of the the lease agreement and that there is no way around that(if not the policy will be cancelled).   

When speaking my State Farm insurance they indicated to me that the investment property needs to be occupied by someone within 30 days with a copy of the the lease agreement and that there is no way around that(if not the policy will be cancelled).

Glad to find like-minded individuals that are willing to make those sacrifices upfront in order to enjoy serious gains in the future!!

One idea we had was to rent individual bedrooms to students around $800 each.

You have to understand their individual needs more deeply and get creative.

There are the superficial indicators of a good flip as well – proximity to major city hubs and transportation, quality of local school, crime stats in the neighborhood, etc.

If you are filing Schedule E (Individual tax return) you have to do that anyways. 

I'm looking at getting at minimum a 4 bedroom house and will rent 3 of the rooms individually to young professionals.  

I'm not saying that you need to get into construction but no matter what you do you sell your service to your individual client.

Individual stocks?