Not saying I will be a slum lord but many things that bother the normal tenant do not affect a student.My short term goals(next 6 months) would be:-to start attending REI meetings, DIG is the main one I know of in the area, any philly people able to point me towards some other good ones?

I have been able to form a healthy buyers list, which includes TWO major players, Blackstone Group, and American Homes 4 rent!!

Perhaps it's due to the relative small pool of interested investors (compared to the vast # of investors buying SFRs and 2-4 unit properties).No doubt the large apartment management companies and REITS (institutional players) have great in-house resources for managing properties well.The experts that offer training and/or materials for the general public, and are also very active multi-family investors, that I've run across include:Lindahl, Alcorn (mentioned by Ned)Ken McElroy (Rich Dad guy)Anthony Chara (heard him say recentlly that he owned 2000 or so units, I believe, all around the country)Peter Harris (theapartmentconsultant.com) has an inexpensive e-book that I picked up several good tips fromTed Karsch (apartmentbuildinginvestor.com) also has an e-course, but I've not reviewed it and I'm not sure he's a legitimate investor operating currently and at scale

Building your team is important whether its a contractor who handles it all or you finding the individual players.

You could be one of the players in the down payment; and/or bring cash and expertise for a larger equity share.Also, a warm welcome to BP, you are going to find a host of genuine souls, and potential friends here!

He told me the bank lowered the amount the buyer was approved for, so I didn't even bother with a counter.

Why even bother, charge the other 3 rent, make them all split utilities and move on.

I encourage you to learn from this but I would suggest you back out of this as a player so you don't end up stressing out a friendship or a friend in need due to lack of knowledge of this asset class.

There are quite a few poker players here that I would say are as entrepreneurial as anyone I have ever met.

Terence Haney Not that it was a challenge but staying persistent/borderline bothering seller to get an update.