I've owned a condo as a rental for 5 years now and like yourself have been studying up and developing a business plan to launch. 

Also, Baton Rouge is a fairly integrated market, where there are a lot of old developments in Tigerland that are actually closer to campus than new student housing development.

@Kusum ChanraiIf your end goal is to have good appreciation upside and a good chance at a purchase then I would look in the "tier 2" areas that are currently experiencing heavier gentrification and development. 

Typically cost for house only, does not include land development costs, landscaping, driveway etc. it also does not include costs such as getting site plan approvals, architect or engineering fees

Eventually, I knew that this property would become a rental and I would be living in it for the time being.

My goal is to eventually do 1 - 3 per month in wholesaling. 

Will I eventually have to put on a new roof?

Suggestion: cash out refinance and use the money to buy rentals (eventually, mortgage free ones) in an LLC (or Series-LLC).

The analysis tools provided in the course such as sale leaseback, DCF, developer feasibility etc is something I use every week.

By driving for dollars I have collected a list of properties I am going to mail, as well as developed the letters I will be sending.