Good access and exit are very important as well as good cash flow.  

So 1% will turn into 2% over time, as rental income goes up but TAXED property value holds relatively constant.

Access to a CPA is a bit more involved than communication on the forums, so thats why I posted it here.

., he's constantly keeping me on my toes.

My dads side of the family has constantly been investing in real estate which made me interested since a young age.

Qualifying for capital to buy, qualifying for long term financing, doing the rehab right, ending up with 30% equity, having access to enough capital if something goes wrong, and doing so in a high priced market with presumably lots of seasoned competition?

Apparently though, Ocwen still sends him requests for modifications constantly.  

Now, I even have access to 800-1200 houses every month, before and UNDER the Auction from REO Banks. 

Ever since we bought the property this particular tenant has been a constant source of pain for us. 

Right now you really want to focus on enhancing your human capital ( and college) but along the way, like summers and down time, I would really read all you can on real estate strategies (be it flips or buy and holds) and even think about some hands on work if you have access (relatives in the industry, summer jobs, etc) to an opportunity (even as a laborer on a crew)..