Hey y'all, I am currently a nursing student interested in purchasing a single family home to live in for the next 5 semesters of college until graduation.

Say I find a good deal move in next year and live there for a year or 2... what happens then, do i just keep the property and rent it to other college students?

No problem, here are numbers off the top of my head that I think are applicable.Address: 1823 Madison Way, Lynnwood WA 98087Purchase price - $583,000 (May 26 2021)Down payment - 10%Interest rate - 2.9% - 30 yearMortgage payment - $2800Rent collected from tenant - $2,000Stock Portfolio Line of Credit -$133,000Interest rate on line of credit - 4% (not a fixed rate and no fixed payment schedule)Last month my real estate agent ran some numbers and comps and thought $750,000 was what it might appraise for if we re-financed. 

Although I am still in my 20's myself, if I were to think back to when I was in college, I would probably prefer to be involved in real estate but not FULL IN.

The City PWD came out yesterday (plumber is scheduled to come tmrw) and told me that there is a potential leak in the water line and gave me a Notice of Defect (NOD). 

After reviewing his unit that was listed by another company that had sat for 3 months I tried to schedule a showing.The automated email bounced back as not working and two separate phone numbers lead to a recording that said to leave a VM and they would call us back.After that I read the description on their unit and it instructed me to go watch a video of the unit on YouTube and apply through their website sight unseen.I am all for automation and leveraging technology but… this business requires professionals as well.

The inspector told me we could re-schedule because he needs the utilities on to do an inspection, but that it was probably not worth my time.

Also do you have schedule E income showing that you are renting a property that you're claiming is your second home? 

If you don't take the standard deduction (and most do these days) you could deduct the interest on your mortgage.Looking ahead to next year, you'll file a Schedule E.

Separately, I'm based in NJ looking to start with MFHs and college student rentals in the area.