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.

At least you have the option of saying yes or no before it is sold. 

I recommend that you find a trusted or recommended Mortgage Loan Originator (MLO), who can give you options for property-based loans (mostly investment loans) and they don't use your taxes but the P&L of the property.

Here’s what I recommend instead:Offer Value Beyond Price: Rather than just lowering your rates, focus on adding value to the guest experience.

If none take it, look for agents that do not have a listing in that area but surrounding an a lower price point.

Obviously you want to lower expenses while maximizing revenue. 

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

You could bring less down and possibly have a lower interest rate since you will be living there.

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

But that will be your decision and at least you have options.