Even if you manage to acquire a property with minimal cash out of pocket, you have to have cash in the bank to get you through the rough spots.

While you can try to minimize your expenses, tenants are very resourceful.

While inspections can be difficult with job scheduling, they do tend to keep the trades honest by ensuring that at least a minimal standard of care (and safety) goes into repairing / rehabbing. 

From there to my bank account and hence I want to know how to minimize any unnecessary risks with uncle sam and how to best do this.

Repairs for these 2 are minimal.

There for my budget is very minimal (I am a college student).I have purchased business cards that say "WE BUY HOUSES".

Your gain may still be minimal from an appreciation perspective, but any returns you do realize are much larger (percentage wise) than that same or greater growth in the stock.

Our approach is to provide several little personal touches that have minimal cost but make our guests feel welcome instead of an “over the top” gesture.

BTW, I just discovered Michael Blank, and I think his podcast is one of the best for MF and as was mentioned, he does not do a hard sales pitch. 

question is to find a REI-friendly local lender with no (or minimal) overlays that'll count rental income aggressively/properly, including counting rental income from the property you are purchasing (which is totally allowed if you just underwrite to Fannie guidelines with no overlays).