Maybe your first year you have to accept non-college students and transition totally in 2019?

Michael Blank’s deal analyzer is good for up to 150 units or so and non institutional investors.

If you disclosed that the application fee was non-refundable up-front, that's not an issue.

Stay put and grow your savings through non real estate investments3.

It stands for Delaware Statutory Trust and is a trust / pass through entity in which a sponsor (think big real estate investment corporation) buys institutional property (apartments, self storage, commercial, medical office, etc) and then sells interest in the Trust/Property to investors.

I won't go into the details of every issue but I am sure we have gone above and beyond and have taken care of even the most minor issue(or non issue) in a timely manner. 

What you are looking for is a non recourse loan, however don't expect 10% down payment and 75% ARV.

Warmly, - Adam  FHA mortgage insurance w/ 3.5% down is stuck for the life of the loan, eg you'd need to refi to drop it.There are conventional 3% and 5% down non-FHA options where it drops off once you have the equity without needing to refinance. 

or a 4 plex  maybe what they are thinking is its a non conforming grandfathered use.. 

I'd avoid eastern Hyattsville, where the sidewalks are non-existent or cruddy.