Be realistic by still using the current NOI and market CR, then in your multi-year calculations the value will change with your NOI improvement.

There are a lot of if's but we have kept costs down and breaking even is a realistic goal for both the lender and my partner and I.

The only problem is how realistic is it for someone my age, while attending college, begin in this field?

You mean The Wire wasn't realistic?

If there is a more realistic figure, by all means, correct me if I'm wrong.)ARV on a home is $100,000$100,000 * .65 (65% rule) = $65,000$65,000 - $3,000 potential wholesaler fee = $62,000$62,000 - $20,000 in potential repairs = $42,000$42,000 - $4,000 in potential holding costs = $39,000 MAOPotential gross profits $61,000/2=$30,500 for myself and contractorI know this is full of holes and may not even be in the right universe as an actual breakdown. 

Thanks JT, 1k month passive income is a very realistic number in this line of work.

According to my calculations, the CAP rate is more like 6.3% and that doesn't include more realistic vacancy, insurance and maintenance expenses.

This seems way way more realistic.

With this being said, I am having a hard time seeing a way in REI that I can pursue until I reach our ending destination (still TBD) where we will reside for 6 to 8 years.Is it realistic to put together a business plan and execute a deal (if there is one that surfaces) within six months and use one of the strategies that does not involve much investor time after the deal is done (wholesaling, Use a property manager, etc)?

Realistically you need enough cash to fund a deal in your area.