Because of that you have 20 times more potential buyers when you are ready to divest.When I was starting out, I bought a house with 4 rooms near a college (Didn't have a wife so this was an option to me) and rented out the other rooms to college students.

Say it with students..

I've always enjoyed participating while giving and getting to/from others.  

I'd stay close to urban areas and try to target university students or young professionals who are trying to save money.What are your strategies?

IT seems to be very true that at a certain point, it is imperative for the "student" to make a move and believe that it will work out. 

Someone needs to tell these guys that there are no "participation trophies" in real estate. 

I was leaning towards SFHs but I was looking at a few as vacation rentals, some as college student housing, and even staying in DC and house hacking with an FHA loan for my first investment.

And of course, if your three unit is a three-bedroom or caters to college students who don't combine their laundry for washing, that coin box is going to fill faster.

One is more college students and one is more college professors, with purchase price to match.The other area you speak of is a decent one too.  

@Chad Smith@Chris Mason1) Regarding taking a 401k loan: You would have to confirm that your 401k plan allows for a 401k participant loan (and that you have not had a outstanding loan in the last 12 months since your ability to take a loan is reduced by the amount of the highest outstanding balance of any 401k loan that was outstanding in the last 12 months).If yes, you can borrow up to 50% of the balance not to exceed $50,000.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).