you can use a DSCR loan if your DTI is too high for conventional. 

The key would be making sure to talk to a local banker that can do CRE loans for owner occupied properties as not all banks do them.

There's no current loan on it right now.

@Jordyn Ohsnot enough info to helpbut if you're using a HELOC for the down payment AND getting a loan, then you're probably negative cash flow given that's 100% leveragei would never do that unless i were going to refinance in the short term

You should have a chat with your accountant, if you had a loan on the property, you may need to buy a property for more than the cash you received to defer 100% of the gain.Best of luck

I would include servicing costs of the loan and licensing costs.

If you're a good student and can get into a good college without going very deep into debt, I believe you should go.

Bridge Loan: A bridge loan could provide the $150,000 you need until your tenant-free property sells.

I intend to rent out the units by room to college students (does it sound like this would work in this area and what are some general tips/things I should look out for?).

if you need $200K for a project, no one is going to loan you $200K - you need a down payment, holding costs, and you need to know what you're doing or you'll just turn that $200K into $150K.good luck