Also, I know there's some weird stuff going on with landlord tenant rights and rent fixing etc in your neck of the woods, but I'd be having a conversation with a local attorney about this as well. 

If the state allows to collect rents of many months in advance, you can get the whole semester (or year) rent upfront.Cons -  Not sure how well behaved will the students be, Party and mess the property is huge expense!. 

So it acted like equity, but also acted like the architect was behaving like an architect (my liability insurance wanted there to be a normal arch fee and a owner architect contract)So for us repayment it went like this1st primary construction loan.

You may be having a hard time because you are only looking for properties on websites.

If they behave like they should they get the security deposit back at move out inspection.

It seems like 50' would be the main sewer line and every drain in the property would be having issues...Is it possible there's a grease trap somewhere on the property that has a busted lid or something like that?

This notice was given to my family on short notice.The owner will be having people tour the place sometime after Thanks Giving.

So if you need 15% down....then you should be having 25% equity if you are rehabbing.  

Get to know what the potential is or how the markets behave, how fast they are, which models work, etc. 

And my kids are relatively good kids, pretty well-behaved.