I’d love to offer advice, but I was also just lucky to some degree.

Ask them if they are members of the national association of property managers.

Well...studied through college, got my degree with my 3.0...and landed a plush job as a 'financial analyst' in one of the most prestigious buildings in Charlotte, NC. 

With Washington, DC, and Aliso Viejo, CA. being such high rent neighborhoods, buying right still covers the mortgage and any association fees. 

If that person's loan costs you a couple thousand dollars more but they keep you from making a mistake of the same degree, then you're coming out ahead and learning without doing it the hard way (aka losing money and having to dig yourself out of a hole).

I don't typically recommend buying properties with a negative cash flow (there are rare exceptions), but because of the transaction costs associated with selling, it often makes sense to continue to hold one that you already own.

Hey guys, I am a 20 year old collage student who is finishing his degree next year, it’s an economics degree.

Once you find a niche, dive in and learn all terms and tactics associated with it by reading books, listening to podcasts, and using this forum.3.

The thing that seems to be the trickiest for me is estimating rehab costs and knowing CapEx/Repair costs associated with the properties.  

@Charles D.We have found the Wa State LL Association to be a great deal, we use them for leases and all forms and support.