But this was an awesome opportunity for me because this is my first living situation where I will be on my own (and getting used to paying a rent/mortgage) but this will put my overall mortgage on a 400k house at roughly $2000 a month for the first year!

My primary residence is an apartment I rent in Brooklyn NY.

With this method you can you find properties that need work and at a discounted rate, fix them up and then rent them out to add them to your rental portfolio. 

Does anyone have experience buying properties for cheap from land banks, renovating them, and renting them out/selling them?

As far as your next property, if you are already considering moving you will get better loan options + interest rates if you decide to live in the next property and rent out your current house. 

If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.

You can likely do this with your savings rate (that will likely increase) and age. 

From watching the market and myself investing in Bryan/College Station, people are still renting out these properties nicely.They can be leased as a whole or rented by the room and are usually in great areas, close to the university, grocery stores, and restaurants.

I have some clients who prefer to have a PM for maintenance/contact/rent collection/general management and will place tenants and write leases for themselves in exchange for a reduced rate.  

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.