Problem is it doesn't count for my personal credit and even the banker I worked with tried but said how terrible that was that they wouldn't count it.I'm not sure if everyones not understanding our plan or I am just getting myself into a mess but basically what we want to do is take advantage of the fact that we are in college so we don't need any money to support ourselves while on campus.

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

It wasn't the best deal ever (I know that now), but luckily I bought it in 2003 and was able to take advantage of some very nice appreciation.

This will give you an idea of what you can get before ruling out buying your first home as a primary residence.The advantages with this strategy inlcudes:1.

Combine that with the lure of taking advantage of the opportunity to enjoy the company of family, which happened to live about 20 minutes away, not accounting for traffic of course, from my office (i.e., living free…well, I gave them some money, but nothing near market rents).I spent the next four years saving the extra income in the hopes of one day being able to purchase my first property. 

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

Combined, our incomes are over 100k, so we definitely have an advantage there as we look to invest.The plan is that we will form a partnership (of some legal form) so that we can take advantage of both our incomes to scale our business faster, easier, and with potentially less stress and worry (at least financially).

I would consider hiring a property manager, at minimum to advertise, screen and lease, unless you have prior experience.One advantage you have is that prices may soften going into the holiday season.

It is much more to their advantage from a tax standpoint to wait and inherit the property.

Jerry, the advantage of getting a block of houses geographically together is that you can impact the area more with improvements and tenant selection, and you are more efficient in trips to the properties.