@Bridget FitzpatrickCheck out this link https://www.biggerpockets.com/forums/530/topics/818478-determine-how-much-an-str-will-make-using-the-enemy-method

The Comp Sale method and REI in general have enough variables in them already for the average investor; adding in the wrinkle of buying above market value is not something I'd do in general.

Step 1 is to check the rules of the HOA - you may specifically be prohibited from renting out the condo. 

Yeah for the time being I’m just trying to reach out to people I know/bigger pockets people to see what I can learn/do to take a step in the right direction.

Going to step back and find a new opportunity :) 

If you already have a decent Downpayment, ok dti and stable work you should be set up pretty well to take that next step.

2) Avoid Misunderstandings - be up front and clear about every aspect and with every person - Do Make full disclosures, put it in writing, people have bad memories3) Avoid putting your (career) ladder up against the wrong wall and climbing it - Do think about what you want for an outcome and walk the steps backward on paper to outline how to get where and who you want to be

The 1st would be to build credit by utilizing 2-10% (sweet spot) of available credit on your cards for a few to several months (to maximize your score) but two months before you apply for a mortgage pay all debt to $0.The 2nd larger issue is the student loan and the 1st step would be to get copies of your tax returns ready and fill out the paperwork to get on the lowest payment plan i.e.

I've spent the last 6 months or so absorbing as much information as I can about REI and feel ready to start taking some actionable steps.   

Just need a few commercial investors to step up to bat