I fear failure of course but hope for success, and I expect to buy more after rents start coming in and proving to be real in a town with plenty of unoccupied rentals.A curiosity: unofficially I've been told I need a city licensed property manager. 

They have added a reinvestment option, where your interest accrues interest.

I have the cash in my account to pay it back so I don’t accrue interest on it unnecessarily.

I anticipated pushback from renters due to lack of visibility into the numbers, and figured if submetering was reasonable it would be much nicer to have the data (both for curiosity's sake and for transparency) if it was easy/viable. 

All accrued interest will be paid on the back end at refi.

Even with all the research and knowledge build up that I've accrued over the past year I am lacking the real life experience and is why I'm looking to pick an investors brain and truly prepare for my first deal. 

The unpaid Principal Amount of this Note shall earn interest calculated on the basis of a 360-day year for the actual number of days of each year (365 or 366), from and including the date the proceeds of this Note are disbursed to, but not including, the date all amounts hereunder are paid in full, at a rate per year which shall be: fixed at __________%.If no rate is specified above, interest shall accrue at the Maximum Legal Rate (defined below).Maximum Legal Rate.

Out of curiosity, had these been good tenants before they weren't?  

At your election, any interest accrued, will be sent to you by the end of each calendar year.

You could defer student loans but that would just allow more interest to accrue.