So I am just out of college and am starting to look into real estate investing.

If you do short-term rental on it (provided the city and any HOA) permit STR, you can also accelerate the depreciation and get cash-flow the first year you do this as well.

I am currently in college and won't have the capital to invest until after I graduate next spring.

This property is right next to Drake College and within walking distance of campus.

I am installing a 91x60” bay window, will I need a permit ?

Without knowing how old the building is hard to tell what the cost for permits and the water company to provide meters.

@Helen Zhang, their explanation is pretty clear: it does not apply to your situation:Social Security Integration (permitted disparity) is designed for multi-participant plans and is not generally appropriate for a Self-Employed 401(k) Retirement Plan, self-employed individuals, or owner-only businesses.

Obviously this needs to be completed with City permits

An investment partner and I (both of us are in college) are looking at investing in a real estate property in the greater Orlando area.Upon graduation we will both have a salary around $50k with zero college debt (thanks to parents who prepared heavily for our futures!)

Our main focus is buy and hold--we have rentals of various sorts (college students, STR, and traditional)--but I'm also looking for more flips to complete this year.