Or is it with the housing crisis at the moment people are resorting to all kinds of creative ways to live > Rent out the hammock in my shed.Data sources: https://www.census.gov/quickfacts/losangelescounty...https://www.latimes.com/business/la-fi-rent-slowdown-20180921-story.html

Depending on how quickly you hope to achieve financial independence (FI), leveraging will put you into a position to get there faster. 

The home is selling for $99,900 and I will be renting out the rooms to University Students for $575 each with all utilities included-trash, water, electric, wi-fi.

Your option may be limited to gifting him the cash for the down payment...the decision to lend will be based on his DTI and credit...and using FHA across state lines will prove challenging unless he's taking a job nearby...plus you have minimum 12-month owner-occupancy requirements, so you won't have a quick deal here...you can apply for a streamline re-fi sooner than the 1-yr mark...There is nothing wrong with using an FHA insured loan to get into a live-in investment, but the restrictions are tight...trying to use federally backed loans for unintended purposes will likely backfire...the fines are hefty.

I think your questions depends on your long-term plan...flipping isn't a viable business strategy...unless you really love to flip....but the tax implications are just to much of a burden...plus, you're just creating another job for yourself...but it's all relative I guess.BRRRR is a sketchy strategy to attempt in a lot of markets...folks get caught out all the time by missing ARV, underestimating reno costs, or getting a low appraisal...remember, a conventional lender will only go 70% LTV on a non-occupied cash out re-fi...if you use cash, you can take advantage of delayed finance...will save a bit on costs.I'd be glad to chat more about the project.Best of luck. 

Hello guys I'm looking for a portfolio lender in Columbia SC. I

But, fi something happens, all the cards will come down.

Second, I introduced her to the bigger pockets money podcast (the real estate one did not interest her), and that opened the door to her being exposed to FI and stories of successful real estate investing.

A lot of times on value add properties, people will start in a bank loan, stabilize the property and then pull out money through a cash out re-fi by doing the non-recourse route and lock in for a longer fixed rate term.  

Seems like some research on HML that has a re-fi in house might make life a lot easier.