I'm looking to do a remodel in Stone Mountain, specifically a major kitchen update.

Stay tuned for details.  

My ideal purchase would have it occupied already and have the lease end in a year to then go in and update/repair the home.

Have to pay cash because furnace and water heater were removed so can't get conventional loan.Property needs usual cosmetic updates: paint, floor, kitchen cabinets, etc.

I can't tell you how many older houses around campus that look like they haven't been updated since the 80's.  

Newark has a lot of cheap houses but a lot of investors would stay away from some of those areas. 

NOI = $6,592Property tax $200Insurance $300 (This is not an exact quote but from reading expecting $200 - $300 -- Trying to stay conservative)HOA $540 (Although there was no HOA actually listed I went with similar neighborhoods HOA fees.)Maintenace $1,200 (The home looks updated so wasn't really sure how to estimate this.)3.CAP = .104.Cash Flow = $3,773.32This is based on a $51,920 @ 30 years @ 3.56%5.Cash on Hand Return29%If these numbers are a good indication of what to expect how do I do that thing where I get in with no money down?

Stay focused on wholesaling and flipping topics. 

Since we both are college students just starting out we should try to stay connected and share what we have learned so we may both better our REI careers.

Hopefully, this will ring through to you in how best to start in this industry and simply stay away from strategy type instructors until you have accomplished the basics, I hope so. :)