A simple way to look at student housing is "By the Bed".

I'm burdened with student loan debt too and I have ownership in a 36 unit/144 bed student housing deal...

The appraiser is only in your house for about 15 minutes to take a few photos and verify the property information (beds/baths/style, etc).

Refinance as an owner occupantMy other options are to buy a small condo (probably only a one bed) or just wait until I have more capital acquired to get a conventional bank loan...I am so so ready to jump in & will consider any creative financing ideas...I know once I have a property it will be an income generator for me!

So needless to say, both (unit 1: 4 beds 1 bath 2000 sqft, unit 2: 2 beds 1 bath 1000 sqft) need to be gutted for a price much higher than I have the capital to fund.

I have a property that is rented out for $3,300/month and for sale at 475K. 2006 build on 2 acres3,470 sq. ft. 4 bed 3 bath Let me know if you have any questions or want to check it out. 

It is a 3 bed, 1.5 bath that needs a complete rehab.

Background on myself I am 25, recently married to my wife (who isn't quite as enthusiastic about real estate for me so house hacking is out the window) and own a 4 bed 2.5 bath in Bothell, WA.

Background on myself I am 25, recently married to my wife (who isn't quite as enthusiastic about real estate for me so house hacking is out the window) and own a 4 bed 2.5 bath in Bothell, WA.

I have some buyers actually looking to buy something on some land and build a couple small units and turn into a bed and breakfast.