<prompt> Human: Im currently wrapping up my final semester of grad school for architecture and Ive been seriously considering buying a home immediately after graduation to live in as well as rent out. During my time in school Ive taken several classes in real estate and finance so I am fairly familiar with the subject.Heres a quick summary of my plan:By graduation Ill have a salaried position as my primary source of income. Ill be in Detroit, so there is no shortage of cheap homes around to buy, its more of a matter of finding places that dont require a huge investment in renovation and are in a good area. On the plus side, my background has made me familiar with construction and I plan on doing most renovations myself. My goal is to either buy an old duplex or convert a building into a duplex and live in one half, rent out the other.Since Ill be living in the home at least at first Ill be able to get a highly leveraged loan from the bank, so getting off the ground quickly shouldnt be much of a problem.My question is should I get started right away? Im coming out of school with some significant, but not insurmountable debt. Should I worry about paying off my school loans first? Or since I need to pay for a place to live anyways should I try and use that as an income stream?  <response>: You should rent for a while. 