Apfolio seems time consuming to get information into it and set up. 

In PA, my understanding is that if he buys from me for $250k cash, and plans to fix up over 6 months, then re-sell ...1)  2% transfer tax is immediately due on $250k 2)  he has high costs for a $250k+ loan for 6 months.BUT -- if he buys from me [down payment of $25k], and we agree that I finance a $225k loan for 6 months at some modest rate, then he saves a lot of money and grief on getting short-term financing, PLUS he saves the $5k transfer tax upfront.From my perspective, I don't immediately need the cash, and I'd rather have $265k in six months than $250k tomorrow.

@Richard WhitfieldYou must own your home outrightYou must be at least 62 years of age You must live in the home as your primary residence.You must remain current on property taxes, homeowners insurance and other mandatory legal obligations, such as homeowners association dues.You must participate in a consumer information session led by a HUD-approved counselor.You must maintain your property and keep it in good condition.Your home must be a single-family home, a multi-unit property with up to four units, a manufactured home built after June 1976, a condominium or a townhouse.

That is the riskiest, most time consuming and hardest part of managing.

@Anastasia Gamino That's definitely a possibility, however, analyzing a recent deal is really time consuming and I do not think a lot of people would enjoy watching someone go through an excel spreadsheet after a long day at work.

Ethan if you already have $10K saved you can always start with a modest first investment. 

Even if you got a 4-plex (which you should if you can find one), managing 3 tenants likely won't be so time-consuming that it detracts from your schoolwork. 

Be CAREFUL with your consumer debt! 

it will result in forcing many people to have to sell because 2020 consumed a lot of the reserves that owners should have.  

@Adriana VergaraLeave the IRA alone.Double down on paying off consumer debt with getting a side hustle on top of your main gig.