Plus there is so much competition from tons of people trying to get into wholesaling, not to mention the big players already getting the lions share.

People still travel for business, if you can capture that, you'd have more demand than you know what to do with. 

Have a great summer and I look forward to meeting new people, developing mutually beneficial relationships, and maybe even new friends along the way.  

There is expansion going on at the local military installation, bringing tens of thousands more people to the area and not enough housing to meet the demand.  

The highest returns I seem to see on short term investments are investing in other peoples flips.

Very few people have strong mind to guide people at initial juncture.The other plan is to develop the property in to Outdoor Paint Ball Arcade ??

Real estate is a long game, and getting a good asking price when the demand isn't as competitive because most people have similar thoughts to yours - might be worthwhile to take on the investment.

UC is in very high demand so vacancy is basically 0, it isn't really a "party school" unlike somewhere like UCLA (weird example I know) so you won't have to deal with those issues as much, depending on how many people live there, who you rent it to (frat/party kids, etc).

Quote from @Cody Miller: I have been in my home for 7 years and have accumulated some equity and wouldn't mind using this to buy a rental Most people will recommend you cash out some of that equity and use it to purchase a rental.

LLC s selection I believe makes it a pass through entity meaning once tax return however I would run this by an attorney or your cpa as I am neither.