They will understand the laws better than anyone else.Gurus tend to be generic, and in my office people who come in asking the generic questions are often referred to as "serious investors."

It's a shame to see the rich culture of a distinct historic area devolve into a sterile, strictly profit-driven environment that excludes locals, where a less diverse subset of the population can afford to live and generic trendy architecture replaces historic buildings. 

You are in a 1BR apartment comfortably for 1.4K so see if there is a property with say a 2-3 car garage that has a mortgage of about 2-3k a month and you could rent out the garage space to supplement income.

ThanksSome are reacting negatively because “purchase price” is a very generic term that applies to anything you buy at the store like a smart phone, groceries, etc.But based on your choices I can honestly understand the confusion.

Note at this point you can adjust downward from from the approved amount if you wish   (4) About a week later received an email from an EIDL Specialist asking for more info regarding ownership   (5) 2 days after that received yet another request from the same EIDL specialist asking for Schedule E from my Tax Form  (6) That same day received a Generic email from SBA saying my loan was approved and to log in to complete the next step which I did.   

Supplementing tenants rent is a welfare mentality not business.  

Renting to faculty, out of state students, students from abroad and more of year round (such as residency) students will not carry the same short term renter displacement, but may require a higher level of finish in some cases as this becomes a year round home.Perks here are- -Year round rent under the same renter/ as your lease terms apply-Some renters having supplemented housing stipends paid in the form of allowances, stipends, and other arrangements -Lesser degree of potential property damage for those in graduate/residency programs (simply based on age and maturity - again, use the automobile industry here in why most car rental places won’t rent below age 26)-Less need for obtaining co-signers (allowing tenant to solely establish some credit history as well)When your tenets do move on and out, as a ‘thank you’ for being such great renters for the span of their academic career, it can be nice to offer a letter of reference as well for future renting needs.

That sucks.Your post is so broad and generic that it makes it hard to give advice.

Option 2 is generic SF about 10% higher than the cash out offer of scenario 1.  

It's usually better to just be generic (i.e.