Personally, and what I would do for my clients, I would connect with a local community banker to discuss the property and see if their bank would entertain this type of financing (not all banks like doing this type of deal).

I used a combination of Minoan and going direct to vendor to furnish our 4BR/4BA.

Approx 5 commercial  properties with total combined value book value 12m .. actual maybe 20-25m?

Their combined income is below $100K per year.

However, with the disclaimer above, I'll, for entertainment purposes only, provide some thoughts on rents in the US for the next few years. 

Showcase real-life success stories and emphasize how real estate income, combined with tax savings (e.g., deductions, 1031 exchanges), could potentially outweigh your current W-2 salary over time.Suggest a trial period for the first deal, involving him in decisions to build trust and confidence in the process.

 - recognize you are combining 2 if the highest effory rent models: student rental and rent by room. 

We both work in finance, so we’re pretty comfortable running the numbers.Our combined W2 income is ~$350K, and I work remotely with a very flexible schedule.We’ve saved over $200K across various assets (stocks, crypto, cash), and we live frugally, saving around $100K a year after taxes.

He believes that area where he will be buying the new homes is going to appreciate and attract more MTRenters, but now, the big difference is that he would now have 3 properties that can go up (or potentially down) in value, go up (or down) in rent, and three times as many vacancies to fill.My back of the napkin assessment is that for only a drop in $200 a month in cash flow, he would control a lot more assets with growth potential and as rents rise over the coming years, the combined rents will increase to a total more than the single rent.HOWEVER.

Chris is telling you to provide more details.The people on this thread have a combined hundred years of experience, conflicting opinions, and have been real with you.