Without diving into the actual address and area (and possibly spoiling the deal), this is how I'd go about it.The internal math part: A Class B neighborhood is decent enough thus I would do a modified 1% rule calculation.

Or dive right in and gain experience at a younger age?

Look, there's little point in getting into buy and hold if you're not going to buy 10s or 100s of units so you might as well dive in. 

Do a deep dive and see what fits your life and go with that.Best of luck and happy investing!

I'm sure as we delve deeper into the investment lifestyle, we will have TONS of questions and will most likely be contacting you.

Congratulations on diving in at such a young age, when its meant to be , its meant to be.

Pick something and dive in.

Many of these questions I have researched and answer for myself but I just want to doublecheck before I really dive headfirst into this market!

Any place is a great place to dive in, but some of those documents are basic and I'd be concerned that, even if you get bites from your marketing list, you'll have difficulty handling them and moving things to the next stage. 

Markets are like bathtubs, when the water rises for whatever reason, be it interest rates, inflations, lack of demand, bubbles collapsing, or whatever one can conjure up, the bathtub will get deeper, and those below the water line drown.Now you can spend your time thinking there is some other paradigm, but all of them are the same paradigm, the depth of water in the tub, which is the cost of operations to stay afloat in a business.If rates go up, lets say they hit 6% or 12%, you will see two things happening. 1st those who can not afford to stay in the game will attempt to exit.