If you haven't already, I think reading that book gives actionable steps to guide you on your journey.

Stay positive, stay patient.

There are of course people who do it every day but for your first property, it's probably not the best course of action.  

Now I will be having to put some things on credit and put a lot on risk to take this massive action, and I know to do this i need a mentor/program like these guys.

Also I know that I’m looking for cash flow positive, and not appreciation of the house.  

I am very passionate about building positive working relationships with others, and that's really the thing that struck me the most about the BP community and its members.  

That is why you may have to do two closings and budget for both of them in an attempt to not let the seller that you are making a profit on what you are doing.In this economy Fix and Flip may be the best way to go including the borrowers that are willing to finance your repairs or rehab or to purchase multiple unit houses with a loan that the FHA will provide you with a low down payment but it is only made to an owner-occupant for regularly 12 months and you get to keep that same loan if you even when you choose to move away.Another thing to consider is to buy apartment complexes and take the advantage of positive clash flow and using a cap rate to increase your value on add-on properties and raising the rent. 

You are definitely off to a great start and if you JUST graduated college - you're in a good position to get your real estate investing career started.

Personally, as long as you're taking action then you're moving in the right direction.

I would have been wiser to not make the knee jerk antitrust comment in my original post, nor do I feel that's a reasonable course of action nor the government's business.