That they cannot bully and use me to save their own money.I need to know for sure that this is the case tho, because I definately see your point and that gamble scares me.

Why not rent and get some roommates to cover most of the rent...... then take the capital you do have and either save up or find somewhere else to invest it.Around me (expensive area) not all landlords are into properties for the same price... if you hunt down a good deal and act fast you can rent a nice place far cheaper than buying it.

@Nick CausaI'm about to get on a soap box for a minute - save up for an emergency fund.

Just ask them "We all know the market is on fire right now, but taking into consideration the time and money you would save with a direct transaction what would you be willing to sell your home for?"

I have also saved money to put down on another house and would like to do so this fall.

@Justin C.Start tracking your net worth on a monthly basis.Start saving now, as much as you can.Get your goals, wants and needs sorted out.Check out Simon Sinek and a book called The One Thing.

I was wondering if it would be more productive in the long run to pay all my college loans as I finish school or save for property?

I totally Agree with you sentiment on the big banks.. non personal  out to fee you to death etc.I pay zero fees on anything I do save wires..

While you may administer investments, the time and energy and perhaps legal resources that go into resolving non-performing notes would go beyond the allowable threshold of activity. 

I've set up a budget and savings plan to have a small down payment saved up by early spring of next year.