I'm 17 years old, I've graduated high school and currently doing an accelerated college degree. in the meantime I'm working a full time job/ a few side Hustles and a budding business.

I’m just wondering if 12k is a bit high?

Always just assumed the cost of entry was too high.

I have had an interest in rental properties for quite some time, but I am nervous and still feel unprepared to own/manage being a high quality landlord.

The problems I see are:Rent is a low percentage of the house value, so not optimal use of this equity/capital.Property taxes are high due to the higher house valueMy costs would be a baseline of $2700+800 = $3500 plus maintenance, unoccupancy, etc. so basically breaking even cash flow for 12 yearsIf/when we sell it, we'll owe capital gains tax since we wouldn't have a "new" house to 1031 into.

I'll be offering a high interest rate for just the funds being available to me, even though I'll never need to draw a penny of it.

I am also thinking about investing out of state since home prices are pretty high in NJ, and it seems finding cash flow is a bit tough around here.

As mentioned already I highly recommend keeping up communication with investors to ensure that you are both aligned on the deal.

I think the high-risk tolerance is only going to last another 6 months or so.

Very high probability that sometime in the future you will need to put those fees towards the lawyer fees / collections - unplanned turnover, etc.,