My wife and I are making the conscious choice to delay purchasing the home we want until our real estate has grown enough to support it. 

I am looking several properties in bloomington IN area which is INDIANA UNIVERSITY college town.

Currently I'm in the process of reading books/forum discussion posts, so any book recommendations or suggestions on  particularly helpful threads to read would be much appreciated.First off, I'm a college student in Minneapolis with 1-2 years left of my undergraduate degree remaining. for 2015-2016 I will be living in a house near the university, but once my lease is up, my mom plans on helping me to finance my own place (apartment or small house). 

You actually get it.I feel bad for @Marina Wedge because she actually fell for your very touching cry for help, support, and a handout.

@Jon AcostaOn a free and clear house, no work, great condition, great location, offer an installment sale, for a buy and hold property for yourself.Get the payment to owner low enough below market rent for a great cashflow to support PITI and maintenance and vacancy; purchase price can be $125,000.payments to seller (market rent - 350) or better.Installment sales have imputed interest (See Applicable Federal Rates IRS)I would offer cash or terms, cash is .70 x arv - repairs.Owning private mortgage paper is better than owning property: no toilets, tenants, or law suits.

-Vacancy Rate of 10% -Repairs and Maintenance 5%-Capital Expenditures 10%For the sake of simplicity, I assumed the following to be 0%-Property Management Fees-Future Income Increases (rent increase) -Future Property Value Increases (property tax increase)-Future Expenses Increases (Maintenance fee increase)On paper, this property is cash flowing at $167 (0% down) and $295 (25% down) - I am hoping to leverage as much as possible on this property through refinance in future & I believe based on the rental income, this property can support leverage.I would like to know your thoughts around this and if you think this deal is one that we should proceed.

I now own a second home at Brock University in Thorold, Ontario. 2 Kitchens, 2 entrances, 2 laundry and 7 bedrooms (3 up 4 down).

I found a home today located near (.5 mile) a large university in Atlanta which is 3bed 2 bath. 

My current broker seems to be very flexible in regards to supporting me in what I want to do.

I am new investor on the block with a desire to generate passive income to support family using RE investing to pursue other goals outside of RE.