I am also a part time college professor (I share this because I heard there might be a first time home loan available for teachers as well, but I couldn't find any information online).

During my time in college at UNT, I had the pleasure of taking two real estate courses with professor John Baen.

Like i said post on avvo for free if you really want to go for it consult with a lawyer (you can also visit universities and have a law professor teach you the process).1.

I can hear my real estate professor/mentor voice right now..."

Honestly xcel has everything you need if you use it properly.The hardest part will be setting up all the references and equations for your specifications.If that might seem a little too much of a challenge for you I would put an ad into your local college newspaper offering $1000 for an xcel spreadsheet that you can build upon and let a college intern/professor/student build you one for weekend beer money.

. ;-) My uncle was a professor at a little University south of Detroit in Canada.

A bit of background:  My wife works at Stanford Hospital and recently became a Clinical Assistant Professor. 

More specifically, where are you getting the renters from (craigslist, airbnb, vrbo, etc...) and what type of renter are you getting from these marketing sources (corporate, professors/students, traveling nurses etc...). 

I first became interested in real estate when in my junior year of college, a professor of mine told us about how he bought a home at every base he was stationed and was making $10k a month.

college professors, students, low income?