Plan to buy close to campus so more desirable for students wishing I live off campus.

Yet, I have a good feeling that my desire will have a mutual interest to those who would rather work then have a family.I am young and looking to make big things happen in affordable housing, big commercial, hotels, resorts, multi-family, and land.

We could not find long term quality renters, its not a desirable area, the house kept getting broken into, and vandalized.

The best way to handle such a desire is to have your intermediary actually take title to the new property as an Exchange Accommodating Title Holder and then complete the improvements before you actually take title.  

Its a rare thing to come across a fully vacant building in a desirable neighborhood that actually "makes sense".2) Do you buy from an existing owner at a premium because he already has tenants in it?

I want to find a way to use my extensive experience and desire for independence to create my own property management business as well as opportunity to invest in real estate myself. 

I live, work, and invest in the city, and I look at the new multis that come on the market daily, and can tell you many of these properties are not good investments if you desire a strong cash-flow investment.

Not really much available in desirable areas under the $150,000 price point,  $139,000 is probably the lowest for a single family home. 

There are things that really need to be in your credit profile in order to be desired by the banks to give out more credit.

The key is being able to balance the lifestyle creep with the desire to become financially independent sooner.