ONLY if you have done research and know what great info sounds like.It was still a great read for me.

., but I might have to find a little extra time to do a little research on "For Sale by Owner" properties.Thank you! 

Sounds like you have a lot of great stuff going on.I would keep researching real estate as you're doing, graduate, get a good paying job (maybe in real estate, maybe not) and work on saving cash for your first deal. 

I have been learning and researching about real estate investing for the last 2-3 years and have identified that I would like to utilize owner occupied multifamily units as my entry way into real estate investing.

Due your valuation research & buy based on the HBU & your goals only. 

Research first, friend. 

All of my education, research and experience have led me toward commercial real estate investing, with a specific focus on Multi-Family.

They must of recently changed that because I researched that a few months ago and talked to an attorney and that seem to be the loop hole being that we as investors aren't selling anything.

@Harrison Blaufuss, here are my suggestions:1 Do online research on the city.  

(Utilities were rounded up on my part)The asking price is $115K (in a very small town, but the biggest town within a 50 mile radius).Monthly Rent                                          280010% Vacancy                                        -    280Gross Monthly Operating Income     252010% Property Management                   28010% Repairs Maintenance                      28010% CapEx Reserves                                280Property Taxes                                          280Property Insurance                                   200Heat                                                             270Electricity                                                    225Water                                                             75Monthly Operating Expenses              1890   Total Annual Operating Income           30240 Total Annual Operating Expenses     - 22680Annual Net Operating Income             7560Purchase Price                                    115000Cap Rate                                                6.57%25% Down Payment on Loan             28750Loan Amount                                        86250Closing Costs                                             300Length of Mortgage                             20 yrsAnnual Interest Rate                              5.0%Total Annual Debt Service                  6831Annual Cash Flow                                    729Monthly Cash Flow                                  $60Cash on Cash ROI                                   2.3%When I first saw a "6 unit apartment for only $115K" I thought it was a gold mine.