It will also help you work out the kinks in your systems. 

Having been involved with them my whole life, I am fully dissuaded from ever LIVING in one again, but as I work out my own business plan, I see potential if you can find a way to invest them legally. 

I workout in the North Loop and most of the members live in condos or apartments in the area. 

However, it might take you 10 years to find 10 properties that work out as well as the scenario you described above.Its just a matter of preference.

I have paid off that student loan (it was small), and I called the loan company before doing so to see if I could work out a way for them to remove it to no avail.

which would mean a lower monthly mortgage payment.All in all, I'm still not seeing it actually work out. 

But while it is theoretically possible to do a deal with no money, if you don't have cash reserves you are taking a big risk that the deal might fail. make sure you only do GREAT deals so that if it doesn't work out as expected the deal still works.

I've been searching for and analyzing properties daily so I'm sure something will work out soon.

Basing your appeal on your purchase price alone is unlikely to work out in your favor, all else being equal. 

You never know what might work out!