re: Buying an apartment directly out of college

I would buy it and live in it a couple years. You will save money on your note as opposed to renting a similar place. You can rent it out when you move on to buy a bigger place. I rent out my first home I purchased and build equity without paying a dime. Your margins should be nice on an apartment and you may even come out ahead each month. Having a single family home, I am closer to breaking even.