Another big question is to what degree you should be using S179, taking into consideration IRC Sec 199A only applies to tax years 2018-2025 at the current moment. 

And many (inc me) don't even have a 4 year degree

It allows you to diversify into a portfolio of homes as opposed to putting all of your proverbial eggs in one basket.Be cautious tho as over the years I have witnessed countless investors buying properties in crappy areas, for more than they are worth and being passed on to crappy property management that nickel and dimes them to death (I guess all of those 15% "awesome" paper cap rates and promises of financial freedom aren't that awesome after all...)This is not just true for real estate deals but life in general (Your "piece of paper" degree does't necessarily dictate success in your chosen profession or your business)Real life experience is different to what any "piece of paper" says.In all reality guys it takes time to build financial freedom, and the more you can diversify your risk across multiple properties in your portfolio the less risk you bear in the long run.I may not be the smartest Aussie you have ever met, however I do understand a few basic rules that I follow on every acquisition I make.Strength in numbers, cash only, patience, and discipline.Let's talk about Strength first.Price point plays a big part of "strength in numbers" as it is safer to acquire 5 homes for a total of $350,000 as opposed to one for $350,000.What happens if "that one" property goes untenanted for 5 months?

I had a late 20's tenant with $200k in student loans for a freaking humanities degree! 

@Justin Allen Here is my "starting up" collection:Read Dave Ramsey book "The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness." and complete the baby steps there.Read Scott Trench’s book “Set for Life.”Finish the school and get your degree - you'll need it later, especially if it's business management.Get a job first where you have W2 income.

@Kevin Ferguson thank you, how would I look for an internship with (currently) an associates degree and no real estate experience nor license ?

I also was the company controller for a manufacturer for several years and have a degree in accounting. 

From a bank standpoint, they will have a clear picture of who owns what and has what degree of liability;  however, all of the investors will have to produce tax returns and documents to the bank to show they are credit worthy. 

I know other guys who spent their youth focused on getting a practical STEM degree in a field with quality employment prospects, orchestrating their career, aiming themselves for financial glory.

My short-term goal is to be closing on my third property before I close on my business/finance degree.