NEED SOME EXPERIENCED INPUT

[Mark Meade]

Hello All.  I am New to Bigger Pockets.  I am 20..in college in Texas.  I have been wanting to get into Real Estate for the past year or so.    I am now in a place where :   My grandfather is going to sell me his house for 100K  to help me get a start in real estate.  The house is in a suburb of Houstoin,  a great neighborhood, great schools, etc.  It does need some work...primarily a little cosmetics but otherwise great house actually.  It is 2 story, has new flooring, new roof, new paint inside, new appliances, 2 new A/C units, 2 New Hot water heaters...  it is valued on zillow at 370k it think,  which is about accurate with the houses selling around it.  the house is 4 bdrm / 3.5 bth / 3100 sq ft.  on a Big Lot. 

My credit score currently is 795.  I am Not working.  I am full time student. I Don't want to sell the house ...i want to keep it.  but would like to put some cash in my pocket somehow.   i even have some friends of my mom that would like to rent it if i decide to do that.   Also I  dont want my Grandfather to owner finance..I want to be able to give him his 100K for the house.     I do not know how to get a loan if I do not have a job to show income.  Also would like to know --- if i somehow get financed for the 100k... how would i use the equity in the house to my advantage to help me get an additional property ?   another question.  If my grandfather gifted me the house if i cant get financed.  would I be able to get some type of equity  loan(with no job) once in my name and I could then pull out the 100K and give it to my grandfather that way????    SORRY for the long Post.... just trying to paint as clear a picture as possible.  ANY suggestions, advice, etc.. would be GREATLY appreciated.  Thank you.