And while I do agree that investing in your backyard gives you better access and does allow you to properly monitor your properties, I still dont think if you live in a difficult market you should feel obligated to stay there.For a guy like myself I dont want to manage my own properties, and while I need to know theyre well cared for, I dont think that as new as I am I have the skill to do the job as well as a PM (not that all or even most PMs do the job well) and nor do I have the time or the patience at this point to do that job.

If your borrower is skilled at finding great deals, worries about paying you back, and your loans are conservative enough, you’ll enjoy minimal risk and should never own the property.

Another aspect is management, while the bank will smile at you for your plan, they will also see that you have poor cash management skills.

Would depend on your study skills, the requirements of your major, how organized you are, help you may have available to you....lots of things...and, of course, there is cash flow to consider... do you have funds to keep things going if one of the areas of your life demands more...I do like the idea of getting the early start though; there is something especially invigorating about beginning a new chapter in one's life that compels one to push hard, accomplish more than you thought you could.

The numbers I have used do not represent any skill on my part in finding great deals.

Most advise to go through the classes to get your real estate license... if nothing else, it will help you develop your ARV skills which will be one of the most important factors in buying homes.Beyond that, work with your parents or someone else to get familiar with the rehabs... both the process (permits, schedules, which contractors in which order) and the costs ($X / linear foot, etc etc).On how to get the money... earn it... borrow it... win it in the lottery??

Might be a good time to learn drywall repair, its a handy skill, even just for a homeowner.Could well be the sprinklers and that might mean issues inside the wall.

Nothing better to hedge your investments than to be employable and/or have a special set of skills.

But i want to get my foot in the door and have a feel for it, doing most the work(within my Skill) by myself.

There is a lot of leg work, time and skill to pull these off.