I have 1,000 and wondering if i should continue saving for my emergency funds or gamble and invest it.

All the best in your journey, and I hope that you continue to learn and grow through BP. 

I don't think you're doing anything wrong.I would recommend that you continue to buy more properties. 

It's operated through a property management company that keeps close watch on the students.

Do people recommend I continue to rent and take the money and invest out of state?

If everything continues to check out the plan would be to live in one side and rent out the other hopefully using an FHA loan.

I would like to continue my question: 1. 

I think the short answer is that it came from an organic process.Norm and I have been a ma and pa operation of purchasing and landlording in North Adams, Ma. for 10 years.  

@Melissa Harris, so you're asking if continuing to net $3k per year for your $4k outlay is better than netting a one-off profit of $80k for that same $4k outlay two years ago?

My wife and I have very stable, well paying jobs in the Washington DC metro area, but we've made the decision we want to take charge of our financial futures instead of continually trading time for dollars like our families do.