Development is THE MOST risky type of investing you can do typically.

Flipping is risky if your first starting out especially if you have no hands on mentor, but that is a great way to build cash quicker.

Personality preferences factor in there as well and if you are not the risky type, make the tortoise moves to wealth! 

What he said was college is not an asset ('assets put money in your pocket, liabilities take it out' and even that statement could be argued ), he didn't say don't go.Again, my point is this isn't an either/or proposition.

In fact, the risk is quite the opposite since time is one of your worst enemies.  

IMHO its always very risky to put money into a house before you close.  

As to @Rob Cee  question form my personal experience I would say its 50/50 at best 50% kind of make it through and 50% figure out over time that going out of state  ( and its not necessarily out of state its low end C class rentals) is far tougher and far more risky then they could imagine.. the West coast investor if they are not familiar with the south mid west north and the neighborhoods these homes are in  are in for a big awakening...

However, I have found that to be a very risky question--as each person has their own degree of risk tolerance and agendas.What is your own risk tolerance?

Yes, you will probably have to approach most all people who influence the decision maker (who may or may not really be the PR).USP = Unique Selling Proposition.

Your plan is very risky.