@Michael JudgeI was an entrepreneur before and after college.

The home is spacious enough to house 11 young college students; at a local growing private college. 

Also, i would add that The cost of these programs imo i dnt see the big deal only to the effect that in the world how many people drop that kind of money some gurus ask for on college to be a server, working in retail or flipping burgers, stuff you dnt need a 4 year degree for.

Similar places you might consider are university and college towns. 

I’m on the central coast and have one STR in a college town that grossed over $10,000 this month. 

It's tough for me to answer on a learning curve question I went to high school for architecture and college for construction management and I've never personally flipped a house, although I know how to budget and schedule it.

I use All State, one of few willing to insure our properties due to the college students who may or may not rent the apartments.

I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town.  8 standard 2/1 apartments -  Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k     Cap: 10         (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K   Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth,    34k/yrCurrent Cash flow: 531/mth,  6,378/yrAfter reno Cash Flow: 2131/mth,  25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).

I have decided i'm not going to be pursuing college, only will be pursuing a real estate license.

Current tenant will take good care of property, and paint job for next 2 years, after which I will rent to college students.