Welcome to BP; don't forget to line up a good Title Company to do your searches and a competent insurance agent.

So I currently go to school in the Quad City area in IL and I have an opportunity to acquire two properties that I would potentially rent out to students (or since I play football I would rent it to other football players).I met the owner of the houses last fall when I was looking for a place to live for my senior year.

I've been trying to break into the Cincinnati market, meeting the key players however this shows you nothing is better than a proven track record and established relationships.

Too much dependence on stars aligning with that many players and no control over the deed.

Servicers will have written servicing guidelines.There are other players involved, everything that goes on in any bank or insured lending institution is not just up to the whims of a bank president or some senior officer.

But, you are competing with people that do real estate full time, so keep that in mind.

My whole strategy was to get in as owner occ to avoid having to compete with investors, as they really drive the price up in my area once the bidding begins.Sebastian

Have you done a rent survey of the local market, i.e. nearby competing properties?

A good eviction service is handy if you don't get a PM.If you're going full monty and plan on buying lots of MF, you'll need all the key players every investor needs; lender, insurance, reliable title and escrow company, lawyer, PM, maintenance, etc.

Start there before hiring the attorney.A couple of other thoughts:Start talking to property management companies to see if you have a competent one in your market if you don't have time to be the landlord.