How does the money work on these?

The problem seems to be too many landlords want to make money, without doing the work.

People buying for their personal residence are going to have enough for a down payment and be approved for mortgages-there are always people who seem to find money to do that regardless of prices or rates.

If you get the money to buy it where you getting the $60-$100k to renovate it?

Being a full-time college student is expensive and stressful, I have no financial freedom due to college payments, but I have recently received a scholarship so I have been saving money working full-time. 

My friend convinced me to use him as a QI as he's done it before over the years and it would save me money.

The thing that I can never get past with these guys is that they spend all of their time traveling around, charging people tons of money to learn this secret method to make millions.

If you demolished inside and they see it you cannot get a standard HELOC you will need to go hard money as most lenders are going to tell you that any worker who stepped on the site can lien the property and HELOC's do not use a new full title report, they rely on the title report of the last sale (again like I started with if people DIY record after closing it's a problem). 

No one will cover position 2, so I'll use Gap money to fill in the Gap. 

Sounds like I should spend a lot of time talking to folks to make sure I have the best team possible, which makes total sense.