I assume your living close to the campus.I'd recommend buying the biggest home you can afford.

Right now Im just doing lots of information gathering, reading and arming myself with lots of info.I do know that this area is affordable and there are many homes waiting to be picked!

If I do find a good property that will cash flow during a full year I can afford a few months of vacancy up front if it comes to that.

I want others to know that this can be done.If having a low income job was not a difficult enough barrier to overcome three years ago I had a foreclosure. ( Yes, I was able to afford that house on a Wal-mart paycheck TOO!

That additional income can also effect your ratios as you'll be tagged with any lease that remains if you're still liable, can they see if your roommate can afford the full rents?

The first thing you'll want to do is figure out really how much you can afford and have realistic expectations on cash flow, etc. 

Home prices are generally very affordable, so a low barrier to entry is nice as well. 

Once I've done a few deals and experience for myself that wholesaling is a stable and nice income, then I'm sure I could afford all the team members and even more.

She could no longer afford the payments so she stopped paying and has moved out of the house already.

If your goal is financial independence (having enough income generating assets that produce enough cash flow each year so that you can afford to live the way you want without having to work), then must first accumulate the income producing assets.