This initial negative position can consume years of the small real cash flow (when using realistic expenses).   

But, for lending $10,000 for a few days they pay $15,000 back after the 2nd gator lender provides longer term lending in 2nd position to complete the transaction with “no money out of the student’s pocket”.

I don’t know why we didn’t get that vital piece of info in our initial meeting.So my wife and I are extremely relieved .She says she will stay on as a courtesy and if things come up it will just be an “ hourly “ rate for emergency type situations or basic boots on the ground necessities.We really like her enthusiasm and positivity and she is great at communicating and seems  sincerely empathetic to our situation.

It also sets a positive tone and builds trust with new tenants, showing them that their living environment is taken seriously and maintained with care.

If you can get a 30-year loan on it and still make positive income, as well as appreciation along the way, it will leave you with more for reserves and more for other investments.

First of all both positions would most likely want to be first position lien (which means if you got foreclosed upon who gets paid first.) 

I was able to negotiate a good deal because I was in a position to move quickly or walk away.

I question how much value above costs can be achieved.An ideal BRRRR has zero costs and has positive cash flow after the refi to extract the value add.  

It sounds like you’re in a solid position with your skills, VA loan access, and local handyman expertise.

Look on Linkedin or other job sites to see any traveling nurse positions in your town.