I am an older returning college student who is very interested in getting into REI ASAP.

And it's doubtful that housing prices will continue upward in the next 5-10 years as they have in the previous 10 years or so.Also I'm having a bit of a problem figuring out your present loan.

Because there are so many and not enough storage they are attempting to sell them as they come to completetion.

I've heard that many landlords prefer to rent to women (especially in a college area) because they believe they're quieter and put less wear and tear on the property.

i feel like break even would be fine for me.i'm about to close on a condo for 157k. it's a 2BR 2 BA. multiple comps in the past have come out 180k, but those units were in really good condition. i got it appraised and it came out at 165k. i have a friend who says he can help me do most of the rehab for 5k so i just assumed it will cost closer to 10k.so i'm assuming after making repairs of 10k on top of me 157k, my net profits would be 180k-167k = 13k.I thought that was a good deal but you guys are suggesting I need 25% return but that would mean I need 40-45k profit.So I make my 13k sweat equity, and I saw a studio apt in the building go for 750/mo so I figured that if my mortgage payments are 750/mo and my assessments are 500/mo, I would need 1250/mo to break even.If I get a roommate and charge 600-700/mo I would only have to come up with 550-650/mo which is already cheaper than the 800-900/mo I was previously paying.

I just graduated from college with a degree in Business Management and an emphasis in Real Estate.

I just realized a mistake in my previous post.

The area has alot of of commerce and Colleges.

Death of the previous owner would be such a fact. 

Current Status:About 0 Dollars to my name-Credit score of 730-Pay off all of my credit cards in full every month-Living with my parents- Decided to take real estate classes at local college