It also might be wise to wait a few months while paying down debt to see if this global trade war hammering the stock market will spell the end of appreciating real estate in the USA in 2018.It does not matter how much you are sending in on your student loan. 

Bidding wars are for amateurs.

Getting a cheap deal in a war-zone or area with low employment does you no good if you can't fill the units with good renters, or anyone at all!

I've also got a small bidding war on a bank owned flip that I'm crossing my fingers I get anytime now... 

If the answer is that he was just putting it in the bank, I would explain how he could be secured by making the loan to me and collect higher interest on his money.I would also offer him one other tidbit that worked in numerous situations.

Some neighborhoods that I thought were kinda war zones are selling at record prices.

There are numerous ways to structure and protect each party.

So if everything goes perfectly you’re at 1650 rent, which leaves you with 400ish left over.Not bad, but not 1000 and this property is probably in a war zone, so you likely won’t want to live there.Hope this helps

Realize that anyone who might invest with you will have numerous other places they could invest. 

I'm currently under contract on a smaller, 5-unit commercial office/retail property. 4 of the 5 leases expire in April/May of this year, and one of the contingencies of the sale closing is that 3 of those 4 soon-expiring leases renew for at least one year (I have full negotiating power over those leases).All of those tenants have showed no intention to vacate, and are happy with their current situations.I've seen/read in many places that it is best practice to stagger leases as much as possible in order to avoid the possibility of multiple tenants moving out around the same time, leaving numerous units to be turned over.Would it best for me to try and get 2 of the 4 tenants to renew a two-year lease (which they've done in past) and the other two tenants agree to a one-year or three-year lease (both have been year-to-year in past ).