or is it the students that are failing the Gurus?

I am considering doing this with a 0% APR credit card to avoid a loan. 

Is the loan assumable? 

@James JeffersonHi James,To buy out the property you need to probably apply for a loan through any lender.  

Fannie/Freddie (Conventional) loans aren't just about rate and transfer taxes. 

Conventional 30 year loan.

Here’s some guidance to help with your next steps:Hard Money Loan: Hard money lenders can often cover both the purchase price and some rehab costs (up to 70-75% of the after-repair value or ARV).

Experience depends on who you deal with - the cleaner the loan file and more organized your paperwork the smoother the process with any private lender.

Buy and holds is the key to true wealth with all the benefits of depreciation, appreciation, loan pay down by your tenants, leveraging the equity, cash-flow etc etc, but it often times isn't the active income that pays the bills until you build up a portfolio and even then there's the tenant management or managing your property managers.That's why I'm involved in all 3.

I assume you’ve got a loan that says you will be living there.