Take a good look at student housing see below.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

I would suggest reading the "The BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing" if you haven't.

My ultimate goal is to continue working my day job and build wealth through investing.

You really have to look at your own situation, what is available in your market, and your ultimate goals.Generally if the idea is to make/save money in the short term then figure out if your costs of living will go up or down if you own vs. rent.Once you figure that out then you can buy a house for yourself if it is cheaper then renting (and pocket that savings to fund your future investments) or buy into the small multifamily and live in one unit.

Ultimately, it's up to the asset manager what to accept, so if two investors put in offers with one obviously better than the other, there's not much a listing agent will be able to do to convince the asset manager to voluntarily give up money.

I just put more money to pay it off.My ultimate goal is to have enough passive income to live off of.

And be sure to download your copy of The Ultimate Beginners Guide to Real Estate Make it Happen Steve

Ultimately, the decision comes down to individual circumstances and preferences.

After running a lot of numbers, I ultimately decided to be more conservative and keep 30% equity in the property and use the cash out money primarily for additional reserves.

The more sources you check and data you gather the better, and ultimately the more confident you will be in the rent price you set.