Being 22 with only 16k in tuition is great position to be in, so I would lean towards investing if you have the funds to do a fix and flip.

It is called Yachtie Real Estate Investors. 

Thanks for replies so far! 

First step is a free call to the zoning board to find out what you can do with the land.

The other aspect is identifying what I call "Ugly Inventory" so that you find homes that can still pass an appraisal and not be "Subject to" so that you can do some TLC with repairs/renovations to borrow off of the ARV.

Homes that appeal to our target tenant segment range from $350,000 to $475,000, so the supply of housing we target remains almost the same regardless of how many new homes are built.DemandPopulation growth drives housing demand and price and rent increases.

I’m a high-income earner and just received a substantial tax bill, so I want to make sure I’m getting everything right from the start.To give some context, I currently own one rental property where my dad resides.

I am an agent and property manager, so I represent myself and manage my own properties.

Hence if I were in your scenario, I would be targeting properties in the Texas market, preferably at least an hour or so away.

So, I recently listed a property for rent or for sale by owner.