Would you be adding the washer and dryer?

From what I understand, I would need to be added to the deed now, otherwise I'd have to wait 6 months for a seasoning period to refinance the property under the trust.

I am very interested in buying real estate and if 20k worth of student loans paid off can be added to an already good deal, I would like to explore my options for making this work.

Your Year 1 loss of $4k will be added to your out of pocket costs for the deal.

Although sometimes this can be added to the loan so you do not have to come out of pocket, it is still a cost.

Could a bathroom also be added to the attic?

I was wondering if furniture and kitchen appliances should also be added to those expenses or should the tenants handle that amongst themselves?

I'm thinking about putting one in an extra unit I'll be adding to a triplex later this year. 

A huge brush pile to be taken out, 2 recessed cans to be aligned in the kitchen, and an outlet to be added to the island.

Select your partners wisely - Realtor, Lender, 203k Consultant, and ContractorREALTOR - it's recommended to work with one that has done a 203k in the past so they know what verbiage HUD wants to be added to the purchase offer contract and how to structure the dealLender - advice you to select a lender with verified 203k experience; the lender is the quarterback in the process, controlling the rules, paperwork, processes, procedures, and if the lender does not have sufficient experience with the 203k, your entire process can look like the Cleveland Browns on a Sunday afternoon203k Consultant - the lender is responsible for selecting the 203k Consultant (refer to Lender paragraph above); this person determines the scope of work and pricing for the projectContractor - strongly advise you to select a Certified 203k Contractor; this person does not set the pricing (see 203k Consultant info above) but does need to know the different versions of the 203k, payment methods, timelines, paperwork, and processes; definitely don't want to work with a contractor who is going to "wing it" on a 203k.