We are going to see if the property has any liens but we were also told there might be a waiting period of 24-36 months before we would be able to sell/refinance as required from the title company.

a lot of new investors seem to be overly optimistic about the first few years of ownership. 

@Christopher Tinelli when I first read the title, I thought YOU are a PMC and your BP profile seems to confirm this.Unfortunately, most of the responders seem to be answering as if you bought the property.Recommend checking out NARPM, there are a lot of student housing PMCs there.Here's what I can think ofPMA: you'll want to have a charge for periodic walk-thrus, like almost monthly.

Honestly, for a first deal, this isn’t bad at all.

I am a brand new real estate investor looking to purchase my first property.

That first meeting is critical for due diligence.

If they held for 5-7 years, the IRR would stabilize around 15-25% because the majority of the value is created in the first two years.

If you’re a first-time homebuyer, purchasing your first duplex can be one of the smartest moves you’ll ever make in real estate.

How have you overcome taking the step into the first deal?

So my wife and I have been looking for our first property for about 6-8 months.