This is easy for some people that have lots of friends investing in passive real estate opportunities.

@Alex MessnerIf you're weighing whether to rent or buy with significant student debt, it’s important to consider your debt-to-income (DTI) ratio and how it impacts mortgage eligibility.

Real estate is NOT a passive investment and requires lots of analysis and education.

Based on a quick answer from Perplexity it seems like there would be no issue with you buying the home and collecting passive income, but you may not be allowed to manage it yourself since that is considered active work.

You still claim the income as miscellaneous income and deduct property taxes and mortgage interest (subject to SALT and other high mortgage limitations) on your Schedule A, but that's it.2. 

Thru this group I have invested 9 apartments with >800 MF doors as a passive investor, Loan Guarantor and Co-sponsor. 

Some of the best investment were made in bad neighborhoods and higher crime rates then as usual the area becomes gentrified and continues to grow in both equity and passive income.

having been a back room vendor for Montelongo  Vertucci  rich dad poor dad.I got to interact with hundreds of students.. its like anything RE related only a little worse than say RE agents .. 20% of RE agents make 80s of the income

If this were a Real Estate secured note,  a note broker or flipper might offer you up to about 65% of the remaining balance whereas an investor who is building passive income streams week offer up to about 90%. 

I've never really done a deep dive in analyzing the area because it is a retirement community, median income is very low, and there arent a lot of jobs in the area.