Should I? and if so How?

[Abou C.]

Hello

Finished community college and heading to state four year which cost 8k a year to attend, pell giving me 5.5K=free money will finance the pretty much for free (2.5k) out of pockets. And if I continue to improve and earn a great GPA/Scholarships it the 2.5k out of pocket will be paid for.  

Question, be sides my partner and I savings and day job, would it be smart to borrow 10-12k from fed loans for school which I will get, to invest in a profitable 3-4 unit in my area.  The loan would not have to be paid on until 6 month of graduation and I will be there for two years and each year I plan on taking 10-12k as well as doing well and scholarships to buy more properties. At some point goal is to refinance and pay most off and reinvest rest. 

Just trying to make sense of this, and if so what is the best way of doing it smart.