There is a clause in the lease regarding the painting of the house.

Quote from @Pearse Cafiero: You want to borrow money to buy a house, but you don't have the downpayment.

I've always been interested in finance but housing had always been a rather boring investment.

Seems like you should not have to but showing they broke house rules leading to damage may help. 

If you're open to mid term renting (we transition to this during our slower season), I'd also recommend speaking with the university and trying to see if you could try to be the source for their mid term housing.

You could get the 3rd party processing fee removed by working with a broker/lender that does in house processing.Seems you're being gouged for the appraisal review and admin fee...that's ridiculous. 

We are now suing them in TX small claims court as the security deposit was not enough to cover the 2 - 3 months rent after they trashed the house. 

Hi Folks,I would like to know your opinion, is it good idea to buy $1M multifamily (two family) house for investment purpose in jersey city area (jersey city heights).

It may make the most sense to focus on home 1 and then leverage the funds from that sale to complete house number 2 and purchase more projects. 

A small house or duplex for my grandson, a set it and forget it type of investment.