I was thinking about investing part of the money into marketing for wholesale properties or using this as leverage with a hard money lender for a flip.

Account Closed is right about winter... unless it is fully occupied I would wait till spring.Secondly, without income you cannot get a loan and to grow in this business you really need leverage (IMO) so I would wait till you graduate, get jobs and move before investing

You essentially have no leverage since they can continue to foreclose on the property unless you pay the Final Judgement amount.  

Hi BPers,I would like to leverage your experience with the tenants payment system.I guess at this point, it is getting old for me that I have to go pick up the rent from them at the property or POBox.

I have not found in hard money lenders in my small town so this leads me to have to work with out  area lenders so I know my approach needs to be well above average to leverage my professional ability in showing I can get the job done. 

By leveraging a few of my past deals and my past experience as a mortgage lender, I launched a website and started spreading the word that I am the go to guy for investments in real estate.  

Also keep in mind the experienced investor will have tons of relationships in place that you will be able to leverage that will save you 10,000's in time, money, and trial and error.

All leases should include a section on illegal activity violating the lease which can be used to leverage the tenant out, if needed; As in, "Leave asap and authorities will not be alerted."

The only leverage you have is that you own property (or control title) and she does not. 

that's an interesting contract twist.. and it makes sense... gives you the ability to act like a cash purchaser and use HML to actually buy.so in essence you can leverage your cash up without having to really have the cash. past the initial amount of one property..