This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out. 

I don't know anything much about real estate, nor have the money at the moment.

Keep in mind, you should have already had a conversation with the hard money Lender to know their terms and process, and be ready to perform. 

Move the money in and out as tenants move in and out.You need two accounts: checking and savings.

If I need by some chance I need extra money I can fund it with money from my side business.

The biggest question you need to ask yourself is if you are doing this to afford a property you otherwise couldn’t afford or to save money period, that will lead to very different conclusions about where/if to buy. 

Its not my money. 

I was out of college (just earned my degree in Culinary Arts) and was constantly running out of money.

I want to make money when I am sleeping or not working. 

As you may have found in your search, there are lenders that will lend up to 80% of the appraised value on investment properties and don't require an appraisal.Let me know if you'd like me to point you in the right direction.I have not; I'm still working on acquiring my next house hack, but when I need it, I'll probably use a combo of hard money and margin loan.