Quote from @Patrick McCann: Hi Justin, I'm also a househacker in NH currently living in my duplex in Dover, NH with plans to search for my next one in the near future.

This is a great place to learn and to connect with people so take advantage of all the great resources.

And since you are licensed, you can potentially do some sales on the side to increase income and save up for investing.

For your next step, you might want to look into seller carry arrangements and joint ventures.

Again while they may legally be bound to an agreement, you are going to have to go through the court system to get them to abide by it, and that is not going to be easy or cheap.I see your point.

About a week ago, the borrower came through, and the note is current. 

Sure, because when you take rent payments out of the equation you can focus on the tenant landlord relationship and providing the best experience for the tenant.All the best!

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?).

The more cash on hand the more options.

Where you live in relation to the investment property shouldn't matter.