The short term rental aspect is what got my daughter excited, so for that reason we are going to give it a try.

They’re involved in every aspect of running the property and dealing with tenants, including rent collection, leasing units, dealing with tenant complaints, move-ins and move-outs, hiring a team to maintain the property, and so much more.

It is a great place to meet new friends and learn about various aspects of real estate and more.Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investingBest of luck!

I would suggest reading Craig Curelop’s BP book “The House Hacking Strategy” to fully understand every aspect of house hacking.

We have a handyman that is readily available so we prioritize that aspect. 

Multifamily still benefits from those aspects, but also can fluctuate based on rental amount as well.  

I'm comfortable with all aspects of eiather purchase, ex: rehabbing, since I have a partner who has done both.We'd expect to get 89% of our money back out of the BRRRR after a year, whereas with the conventional finance route our $80k down payment would stay tied up and the property wouldn't appreciate enough to do a cash out refi anywhere in the near future.

I don't plan for market appreciation when I analyze a property, but it also sounds like you have some opportunity for forcing some appreciation.More concerning to me is the college town aspect.

Before I worry about trying to start I would like to learn more terminology, and financial aspects.

Now, in order to level up, I'll need to work on this aspect of investing.