I’m 18 and student, any advice on how to invest 5/8k in a rental property? Is it enough to start or I need more? Please advice me on what I should do with it.
Lenders typically want at least 20% down to purchase an investment property. You'll also need to extra money in reserves for maintenance, repairs and vacancies.
Get an FHA loan and hack a SFH or MFH. You'll need a steady income to do that. But it's the easiest way to get started when you're young, and you'll live for "free!"