There is so many ways it can go wrong and being a greater negative for parties involved. 

Lots of loan options can close in an LLC, helocs usually need to close in your personal name.

Choose the Right LocationProximity to Campus: Prioritize properties within walking or biking distance to minimize transportation costs.Safety and Security: Research neighborhood crime rates and local security measures.Access to Amenities: Look for nearby grocery stores, healthcare facilities, and entertainment options.3.

I am finding tenants through Facebook Marketplace, the town has a shipyard and there are lot of people that come work for a few weeks/months at a time so this is a good option for them!

It works great for many people -- not me -- but it might be your best option considering your distance. 

Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.

Don't be so quick to indebt your paid off townhome until your learn creative financing and review all your options.

Personally, I wouldn't offer SubTo or a Wrap, For reasons I've written about fairly extensively. https://www.biggerpockets.com/forums/70/topics/1227199-the-m...However, I would sell on "Lease Option" and that may work for you.

Shared housing provides affordable, flexible rental options for young professionals, remote workers, and students.As shown above, co-living properties have more demand than traditional two-bedroom units and appeal to a wider tenant base.2.

They likely will be a bid on the 2 year balloon options, too, in 2025.