Also, I've recently learned about these different REI tactics.

I'm sure that number has went down by now. 

Quote from @Gabrielle Cutler: HI there,That’s partly why I’m on here, I’m not quite sure the best route, especially living in the Bay Area where everything is a bit more expensive.

The downpayment and closing costs would be one large hurdle in order to repeat this, I'm not sure how willing lenders are to allow 3 properties a year.

After attending industry meet-ups and conferences, I learned that the fighting/disagreements between the Nelson Brothers (Patrick and Brian) had been ongoing for years.

Not sure how they can get better prices than you doing the same shopping. 

I'm not sure I understand correctly. 

@Scott Lorence make sure you find a PMC that has experience dealing with college rentals. 

I'm curious to dive deeper into the Santa Fe market and would love to learn from those with local experience.

Don't be so quick to indebt your paid off townhome until your learn creative financing and review all your options.