Second question;   The two different purchase contracts I use and recommend to my students are the Standard Real Estate Contract that your local real estate agents and brokers use and the Standard Purchase and Sale Agreement.

Here's my situation: In my early 30'sBased in NYC Self employed (for the last 1.5 years - paid by 1099)Credit Score: 700+No debt (other than student loans) Around $40k to investFirst time buyerHere are my questions:What's a good market to look for multifamily properties/ land or laundromats that will get me started? 

I am in an interesting but common position of being hindered by a large amount of student loans.

I’m currently a graduate student studying studio art at a school in DC.

I'm looking to rent it out to students as it's close to a university.

My first step is paying off my student loans which is only $7K and then I will buy my first investment which will be a Multifamily unit that I can "House Hack" .My overall goal is to not only own a great deals of rentals but to one day develop my own projects.

@Thomas Humke FHA allows for lower credit score, higher dti, and low down so thats what i utilized. i got my 1st credit card the minute i turned 18 to help pay for school expenses so by my junior year i had 3 almost 4 yrs of credit history and i held a almost full time (30-35 hr) internship/job. i actually didnt end up renting to college kids as the duplex i bought came with a tenant that is a family so i didnt have to worry about breaks. get a student card immediately to help build your credit if you dont have one yet.

I am currently a student at Arizona State University pursuing a major in Marketing and minor in real estate.

Maybe student rentals?

Hi all,I am a student of the residential real estate industry conducting some research on the biggest pains involved with real estate agents.