As far as my experience with managing student housing I myself have recently stayed on a college dormitory for a semester to immerse myself into the culture and to see exactly what the needs of the students their parents and the universities are, and how I can scale my business to meet that demand.

Thankfully, Northern VA area has robust rental market, so I would rather buy something that doesn't have an existing tenant and then put a brand new tenant, and that way have full control. 

This case is for owner occupant.If the property is tenant occupied , then after you receive your deed (title) you must make contact and find out if the occupant has a true lease . the following tenant act was created .Your Rights Under the Protecting Tenants at Foreclosure Acthttps://www.shra.org/Portals/0/pdf/hot_topics/Fore...At the end of the day you will achieve full control and possession of your propertyHope all this help a little

Unless you have control over the price of the area / market, the price of the property will likely be sold based on the comparable houses in the neighborhood.  

How do you ride through a recession if you have no control over when the asset is sold?  

I have a friend whose parents 2+1 bedroom detatched home in Toronto was appraised at 950k.

I am 24 years old in search of a better future with more control.

You, as the buyer, have all the control here.

Meanwhile, you will pay a very high price eroding whatever profit you expected or worse...going into negative losses as ongoing delays caused by Sherman Bridge Lending force you to pay spiked interest rates for an extended period of time leaving you at their mercy as they control your refi by threatening high fees as a penalty for seeking refi elsewhere.

However, is an extra 4% gain per year, on 150K (6K per year) really worth the loss of control?