Been reading many threads and have been looking around in the market for some time.The property in interest is a 3 family home fully occupied, will be seeing it in person soon but was told there are no major issues that needs to be fixed so I did not include repair costs.

. $48 a month for a 4plex might not keep enough cash in escrow with the management company and the last thing you want it to dip into your cash flow to fix something. 

Your past practice and current business model is buy and hold.5. .

@Derrick Gordon We have a quick fix program that we use that is a short term 12 month solution. 

If i refi or heloc and my fixed cost increases 300.00 per month, I’m still clearing 700.00 per month.

Then when it comes to financing this is where you can increase your offer slightly if its owner financing because he can provide cheaper financing than a bank and he will ultimately make more because he is getting interest on a loan.When he asks "why do you get a profi"t you mention that you are taking on the risk of fixing up the property. 

The HOA, like Maintenance, covers grounds keeping and fixing toilets.

You could start working on your business plans, business models and start investing, developing, designing homes, whatever, while in college or learn taxes and accounting skills, etc. will help you on your pathway in life.Also, you should understand that college is not just a 'learn the facts' education, but learning things to help you be a well balanced person. 

Specifically, the turnover costs shown were irreconcilable with any real estate investment model within his price range.

We think that this is because we are pretty good renters, we always pay our rent on time and I sometimes fix little things around the house that need repair.Around the time we started that 2 years ago,  we had an off-hand conversation with the owners where they told us that they might be willing to sell us this house as we have never before owned a home.Two years later, I've discovered BiggerPockets and I think that buying this house might be a good way to start in REI.