Dave gives you some good advice on qualification.

If other terms (i.e. price, down payment, interest rate, balloon, qualifications of the borrower, etc.) are to my liking I am usually willing to extend the amortization period.

 Hi Keenan, everything you want to do is possible, I have done it myself, you will need a good mortgage broker or bank to work with you, tell them what your plan is before you start as the financing market has changed, cmhc cost are going up in March, and the already implemented 5% qualification interest rate makes it hard in today's market as mentioned in the previous posts 

A lease for a (1) year period; utility bills with the students name & address; a NC State ID, or Driver's License; a College Parking Permit (Record); all may be potential proofs of  qualification.

People love to see qualifications. 2b.)

If you are in a position to take 10% distributions each year and meet some other qualifications, you can legally avoid the capital gains tax.  

I have never heard of a lender not being able to offer the full FHA program so it may be something with your qualification 

i am planning on purchasing a home to start a portfolio, i am trying to see how/where i can get a qualification loan, but i have bad credit atm, so idk if i should still go to a bank and get it done. 

I think you are on the right track with what you want from an agent, but some of your requested qualifications go above and beyond the typical buyer's agency agreement.  

Your debt to income ratio must meet their qualifications for front end (house debt only) and back end (all recurrent debts). 31% is the current front end, 43% is the back end.