Hello,As the title says, I have found some properties that look to work in terms of cashflow and rate of return but I've never actually purchased a property before.

Down payments are still standard for FHA or conventional (3.5% of the total cost, purchase+construction) and rates are on par with standard FHA rates. 

The first thing I would do is start analyzing the rental market that you are looking in to get a feel for comparable rental rates.

There are variables that can have terminal rates lower than initial rates, supply and demand as well as interest rates are a few.

If you are 1 BR competing against hotels/motels it will affect your rates. 

Or should I break my promise to get into real estate in 2025 and continue to work part-time while going to college to afford a conventional 30-year mortgage on my first SF and use the "Building Wealth Through Single-Family Homes" plan? 

Wow mine can't top that. lol

Often rates trend a bit higher compared to the 1-4 unit program. 

Take Home Pay:  Approx $105K/YearMoving to Colorado in the next 6-9 months Living with a friend for extreme discounted rate Own two homes, one in Colorado cash flows around $250 , one in Florida (property of topic) [Mortgage$3200 HOA $440]

So I am graduating from college next year and I have done a lot of researching and have been saving up money for my first house.