An accounting degree will help tremendously.

To that degree and with some omitted details on my part, Caveat Emptor.

If I am 22 and fresh out of college, will I qualify for a Chase INK card without a solid job?

Don't let that be a roadblock to getting your first deal under your belt.Purchase price and rent sound okay - I don't know the Austin market, but that's better than what I get in my area but I also focus on medium to high demand college rentals.

Two years ago I tried to be "all in" at 70%,,,today in the same area, I'm probable closer to 90%,,,to a large degree the market will influence how good of a deal you can find.As others have said, I'm looking at cash flow,,if it fits the area/size/neighborhood specs I use, and still cash flows what I'm trying to achieve,,I'm not too worried what discount I'm getting.

Read the lease , it clearly states that if there is no heat from , lack of electric or fuel due to tenant not paying the bill the landlord will turn off the water and winterize the pipes to protect the property 55 degrees minimum .

It was 32 degrees BELOW freezing this morning.

I am a 24 year old with an associates degree in accounting in Washington State.

As long as it isn't below 20 degrees F.

After I graduated from college (2009) I moved to Thailand as well to teach English.