I am interested in buying the home and turning it into an all season home and possibly renting it out.

I'm spending most of my time researching buy and hold strategies for SFRs and possibly student housing in the Athens area. 

I have aspirations to own my own brokerage/ investment company and possibly build but most of all make a substantial impact in the community!

I have aspirations to own my own brokerage/ investment company and possibly build but most of all make a substantial impact in the community!

What helped me a lot a few years ago was actually driving the neighborhoods around San Diego and looking at as many properties as possible.

Good luck and keep reading and gaining any knowledge possible!

I had the though if that is not possible maby he can  try and get a 203k loan.

So far, we have not had an issue with abuse, but as @Neil Metzger mentioned, that is always a possibility.  

Another possibility - depending on where it is in Syracuse, consider commuting for 4-6 months while you save up money.

The two risk factors I see in this scenario are: The Class A- property allows me to leverage my cash into a better property in a better neighborhood minimizing the risk of higher vacancy rate, the need to rely on subsidized rents, and getting a better qualified tenant mix for the long term, minimizing the possibility of fewer headaches.The Class C/C- property comes with a lot more cash flow due to there being no debt on the property, however it also comes with a lot more risk in the form of all the issues that come with renting a C/C- property and there seems to be a lot of them.