As long as it is in livable condition you have a place to live and can charge other students dis count rent to pay down the mortgage (it's obviously more complicated than that but it's a solid starting point).Good luck and congratulations for starting so young...!!!

@Ali Boone,I appreciate the blog link and thank you for the valuable information you shared.Numbers can get real complicated real quick and things become overwhelming.As a beginning new investor, I'll be using this simplistic approach as I go forward.

Search the net for comments about those courses, you will find some very interesting comments.May I suggest you order this book; Real Estate Exchange & Acquisition Techniques by William T.

This is the technique I use for showing my rental properties and I think this apply to your potential wholesales as well. 

I have used this technique a couple of times just to show police presence at my property after it was vandalized.I would also suggest calling your insurance carrier at a minimum to see what coverages may apply to you.  

I had one attorney tell me it starts at $3500 and goes up from there, depending on how complicated it gets. 

The only complication that I foresee is that I'd be buying from the estate made up of my wife's aunts and uncles who are older; not one individual.  

This is typically called the BRRR technique here on BP.  

(Unless you are starting with lots of cash)Cash Flow and Equity.......look for and find........Ugly houses, vacant buildings, tax sales, distress sellers, landlords in rent court, housing  code violations, public auctions.......Make offers, contract engineering, controlling clauses, assignments, joint ventures, credit lines, being fair and open ......learn and practice those techniques and you will do well in Baltimore.You have friends in Baltimore, follow, chat anytime.....Good luck....

However, the new wood floors and other more complicated tasks that require some experience and lots of tools, I'd hire out.