To maximize your investment, use financing options like FHA or conventional loans, analyze deals based on cash flow and cap rates, and network with local investors through REI meetups and BiggerPockets.Good luck!

Or should I invest regardless of student loans if my hope is to use FHA loan for smaller downpayment and then eventually rent the house out in a few years once I move?

Look up the loan officer and not the company (do they have any online reviews or social media presence; if possible look up their production numbers to see if they are any good)4.

Hi Nancy,If you need a start or are curious on any sort of loans, shoot me a DM or email!

The friend who shared this deal with us offered to provide the loan.

I can check in with my local bank, but I don't want to waste their time when I'm not yet serious about doing a loan with them.   

in what I just laid out, you'd make monthly payments to the seller just like you would to a bank for 5 years, and then the remaining principal balance of the loan would be due, at which time presumably you would refinance the house into a commercial mortgage and use the proceeds to pay off the seller. 

Hi Stacie, Have you looked inot DSCR loans?

DSCR Loan with 20% Downpayment How did you add value to the deal?

For a 203k loan, you’ll want to target areas that have properties needing work but also a strong potential for appreciation after rehab.