So that 20% as a down payment simply means your not writing a check to sell in a non appreciating market.If you pay cash and BRRR and get value add you can get equity and if you sell you just use that equity that you forced for your sales load..Keep in mind real estate on average turns every 7 to 8 years.. even though 90% of folks going into rentals say they will never sell LOL..were it does work is in a 1031 roll up.. once you go down that road you are in the game until you die.. or your going to have major recapture and or tax pay back.. unless U do a charitable remainder trust which I like a lot for high net worth sellers.

awesome you are starting so early.......maybe u can work part time as an agent while u are in school and get some experience working with investors.

Hi BP,I'm interested in the Providence, RI rental market particularly near Brown U and RISD.

if not conventional. then either private/hard funding. unless u are also open to the wholesale type of flip where the property isn't improved but simply flipped by finding a buyer that pays significantly more than ur accepted offer under contract to buy contingent upon ur assigning the contract to a buyer at a higher purchase price.

I wound up having to file a lawsuit for specific performance, but the sellers attorney knew she couldn't fight the contract. 

There are a lot of great areas and lots of areas to stay away from, depending on what your hoping to accomplish, if your wanting those A-B neighborhoods, Millcreek, and  some areas around the U are also great.

If u feel comfortable with the park and it makes sense I'd go with the park I don't own any yet but I know @Jim Johnson acquired his 1st mobile home park over 1000 miles away from him ,and @jeffersonlilly is a guy u should talk to as well,I'd go to a mobile home boot camp first though ,owning a mobile home park can make u very cash rich or leave u dirt poor

For people who have flipped before, what would be the absolute worst thing that could go wrong in a deal that would leave u stuck paying back a loan on a deal?

RED FLAG from the beginning to end.. trying to suck U in.. i bet he gets  a few takers.no one sells 750k houses for 250 in todays market.. and as you know being and agent EMD go to title co or closing attorney not to sellers.. thats just plain nuts.. 

Central near the U of A and below Grant Rd are ok, depending on the area.