If it's in your name you can look into the potential for a HELOC or potentially refinance to pull out some of the equity you've created, but you'll need to do the math to see if you're payments will increase based on the new loan terms.

Bankers will be asking for proof of this filing as you get loans in the future.https://fincen.gov/boi  

@Yents Ybrimovic If the 203k loan only requires 3.5% down and you can finance all the repairs in the loan - then what exactly is your friend contributing?

I'm using my VA loan so I don't have to put any money down & can keep money in my account to fund rehab deals. 

Little cabins have very little value.Maybe try for a commercial loan as a business?

Bank loan How did you add value to the deal?

While this might not fetch the top dollar, it could result in a quicker sale at a reasonable price.Consider Renovation Loan Options: If you believe the house has significant potential value once fixed up, exploring renovation loan options like an FHA 203(k) could be an option.

He has pretty much no support - it's just him, no group or ways to connect with other students.   

From a $ perspective you get the same amount of appreciation, depreciation, loan pay down, but here you have cashflow and if if a tenant moves out, you are only 50% vacant instead of 100% vacant.- Generally the same logic applies as above.  

Bank loan How did you add value to the deal?