I still intend to invest in the ways mentioned above (I already have $1,000 in Fundrise), but now I would also like to purchase my first property by the summer of next year (2020).Based on the research I’ve done so far it seems to me that purchasing a turnkey property is in the best interest of someone like myself who isn’t home on a regular basis to oversee a rehab project.

Rental properties need just as much TLC as regular homes.  

Just pay your note regularly.

From what I've read, that seems to be one of the toughest people to find to be a part of the team of people you work with regularly.

To look at the time of ALL of your rentals combined you need to make an election- and if you have prior losses tied up in the companies those would become tied up in the overall activity (IE if you sold ONE property from the grouping it's prior losses wouldn't be able to be deducted, where as normally they can be)Also the IRS is big on the log being regular and on going- meining you can't make it up after the fact. 

Sometimes it’s rented to college students other times it’s rented as a regular rental.A couple of thoughts; if school doesn’t open in the fall other than elearning can you rent it somewhat as a traditional rental.  

You continue in the rat race if you work a "regular" job. 

Would a regular old-fashioned investment like an IRA be a good alternative? 

If they are making regular payments no bank is going to be able to close a loan and take a property.

Just like in a regular purchase, your ltv for PMI purposes is the Lower of the appraisal Or the purchase/renovation price.