@Constance Kang well you discovered how many of the most expensive REI instructors work in this industry.

Keep in mind this is sponsor-provided material, not something that the site discovered through research, nor verified. 

Have you completed a geotechnical study & are the soils good?

Did they discover something that was going to potentially cost more than they thought?

We recently completed a study on MTRs, which revealed that MTRs are likely to generate more than $1/SF above long-term rentals.

Read it and employ it.The only thing I'd really hammer home is understand and study the market you want to get into-- meaning visit it multiple times, know the streets, get a healthy understanding.

The contingency reserve may be released only if required, necessary, and unforeseen repairs or deficiencies are discovered during the renovation.

If you don't have a credit card, I would recommend Discover's credit card for college students. 

Programs that market themselves as shortcuts often cannot replace the depth of understanding that comes from study, experience, and engagement with the legal framework surrounding real estate.Consider taking time to familiarize yourself with local laws and regulations.

I’m studying to get licensed soon.