Your best bet is to keep liquid cash and avoid PMI.Never heard of that type of loan. 

What made you interested in investing in this type of deal?

Is there a place where I can type in the address of the properties I am considering, and it will spit out an estimated monthly rent? 

When you buy a primary residence you are typically using a conventional conforming (fannie/freddie) type loan.

There are two main types of Reg D 5-6 filings.  

I know if I do not rent to students, we will not get even close to the type of rent we are looking for, but paying the mortgage with no rent is hard on my family and I. 

One thing I would caution you on is the types of areas you're investing in.

The creation of some type of socialistic egalitarian society? 

But @Wesley Wilk if you havn't done this type of rehab and you are not a real estate investor (so this is your first go) then I would not take something like this on.You'll need to learn real estate investing first, then embark on strategies.Ironically, I called myself a real estate investor for a year before I bought a property.

I suspect AHP has most of its investors capital deployed into these type of assets and now it's jumping through major hoops to meet their capital requirements.