Just remember, to always have liquidity on hand and neve to overstretch yourself too much. 

Can't remember if I'm missing anything. 

Remember, the temp housing agency isn't on the lease and there is no legal agreement between me and the temp housing agency. 

Ideally (and in future), what you want to see is that after rehab, your Lender's appraisal would come in at say $130k (for this example), so that when you come to Refinance 70% of ARV (per the "BRRRR strategy"), you'd get back all your initial deposit and rehab cost, which would enable you to scale your buys much quicker than having to save your own $20k every time you want to buy.

Long term goal is to get involved with enough buy and hold rentals to generate passive income and, ideally, financial freedom.

Remember that students are typically tougher on a property than other tenant groups and you need to factor that into your capex/maintenance budget. 

Message me if you'd like as I deal in this area.

Ideally I could slide a new builder in and I make up the cash difference, but I would be completely tapped at that point and they may not go for that. 

Ideally, this would be the same person/professional that would be responsible for formulating and presenting a recommendation on your request to the Zoning Board. 

I would chime in also that when you officially convert your place into a rental remember you need to contact your insurance agent regarding landlord insurance.