If your investors are all accredited the rules are less stringent than if they are not but you do not want to mess this up.

A bit about me and my experience: I went to school in Kingston at Queen's University.

Searched Bloomington/Normal, IL area near Illinois State University.  

The condo is in bicycle distance of a university, walking distance to a grocery store, restaurants, movie theater, and 15 minute drive to the beach.  

Unfortunately, CAREI (now called Colorado REIA) was recently sold and is now affiliated with the Investor's Edge University folks (search Dwan Bent-Twyford and Bill Twyford).  

Don't worry so much about about IRR as that's a higher level metric more useful when you're raising large money from accredited and sophisticated investors for bigger deals.To Your Success!

Aside from that and accreditation checks much of the basic stuff is the same.  

My original goal after my trip was to go to Montana State University for mechanical engineering with some sort of business minor.

Depends on your budget but cities like...University Heights, Richmond Heights, Mayfield Heights, Cleveland Heights, Willoughby All fit the bill.Again, this depends on the city but a typical deal for me looks likePurchase price: 50000Rehab - 25000ARV - 110000Rent: 1250Cash out refi at 80,000 gives me a little extra cash in my pocket and the cash flow is still good.As others have mentioned, getting a crew of contractors from a distance will be the x factor.

I grew up in south Louisiana and graduated from Nicholls State University with a BS in Accounting.