The idea of renting 16 rooms by the room to college students means a couple of things to me as an owner/landlord:1) There will be high turnover which puts A LOT of admin work on you2) The property will likely not be treated with as much care as more mature tenants leading to higher repairs and maintenance costs3) They will take 20 minute showers and will leave the windows open and the AC running in July; much higher utility expenses as @Carolyn Yates mentioned4) Overall headaches of potentially having to shut down parties, etc. and other associated liability concernsLastly, if you're saying that your overall cashflow would be $500/month after you moved out after a year of occupancy, I would ask you to then consider how much time you think you'd be spending writing leases, screening tenants, handling issues, etc.

Just worried the up front cost isn't going to be worth the headache of still having to renovate a unit or isnt going to be a good ROI.

Save yourself the headache and take your time in your search.

@Moises Guerra GarciaYes you can negotiate until the contract is signed and you should have a thorough analysis along with your assumptions after talking to the neighbors.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

@Magdala Jean-BaptisteYes you can look seller financing as an option.Also look at local market data before you over leverage.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market and process better.All the best!

@Zachary SteinLook for alternate financing options.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market and process better.All the best!

, and my agents also need to be able to envision the value-add opportunities the property presents.I'll give you an example of each: First, an example of an agent going all-in on due diligence, and saving me a ton of cash and headache: When I was an inexperienced investor, I found my "dream house", a property that I instantly fell in love with.

We are here to help each other grow.Being an investor and an agent should not be a problem but you should check and follow the state laws.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

They won't take the D grade asset because its a headache and they will not be paid what they are worth.The problem is some new investor will hear that it doesn't matter whether its an A or D grade asset and think well I might as well go cheap with things in D grade then find out the hard way experiencing a world of hurt.

@Nate Ayers-MooresYou can start with educating yourself with real estate and then when you have enough savings cushion you can get full time into it.You can start working with an agent initially to get the real experience.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!