Maybe you like the risk, but good and great investors don't try stuff like you suggest.

Not exactly sure about the legal details, but initial overview of the system seems to suggest this kills quite a few birds with one stone.  

Can anyone suggest training videos, books, or other resources that would help educate me on the topic?

You may come across pushback with having co-gendered units so as you grow I would suggest leaving room to have unit(s) that are male and female only for those who are more comfortable with living with others from the same gender. 

Stanley - I would suggest that you go have 3-5 conversations with lenders and understand how much they are willing to lend to you given your financial situation.

So your renter pool could be limited.If you like that price point, I would suggest going a little further north. 

If anyone can suggest some help I would greatly appreciate it.

Please suggest if you think any other budget friendly ideas.

This is a market that the growth is obvious and there is cashflow because of the growth.let me know if I can help with some off market inventory suggestions.  

I would potnetially even suggest they pay a big more than value if they are getting that good of a payment/rate.