In the current environment, houses are flying off the shelves, so to speak.  

I found it to be too much risk for the investor, given the low cap rate environment that we're in (given that if cap rates float up, the asset values will obviously drop). 

No college education will beat experience in the industry, but picking something that is related to real estate will at least give you peace of mind when 1) you decide to pull the trigger 2) knowing you have something stable to fall back on in case real estate doesn't work out for you.

Grandma never resurfaced, so hopefully she is resting peacefully. 

If something comes up with one of my rentals, I can't go to the house but my broker can walk into my property managers or general contractors office and having the whole team together gives me peace of mind.

My dad talked me into it.. got my license at 18  took me a few months to close my first deals but once I did and made 600 dollar commission for what I figured was one days work.. in a 1.65 minimum wage environment..

From your description, the property is not the intensely downtown environs of NY, NY, or San F., nor is it the intensely rural environs of a Po Folks, Alabama.Whatever you find out and then plan to do, be sure that it encourages an intentional neighborhood-building - not the unexpected descent into 'hood degeneration.  

It all depends on the lending environment and what your local lender can offer.

It's a fun environment.

We live in a city environment where the demand is very high for our unit.