Commercial loans are a fact of life if you play in this space. 

I don’t need the friend or family card to be played. 

Student Rental (4BR/1Ba) - $90,000 List PriceOffer: $80,000 purchase price, 3% seller paid closing costs, 20% conventional financingCash Outlay: $20,000 ($16,000 down payment, $4,000 rehab)Rent: $1,240/mth Mortgage Payment (P&I): $344/mth ($64,000 @ 5% interest, 30 year am)Taxes: $133/mthInsurance: $150/mth Vacancy: $112/mth (9% - playing this conservatively)Maintenance: $75/mthCapEx: $125/mthManagement: $149/mth (~12% rents collected, conservatively assuming full occupancy)Utilities: N/A (covered by tenants)I like this deal for a couple of reasons.

@Farris Roach III im learning this stuff too, stay in the game and be patient

I think it's important that you spoke about the numbers and calculations because most of this profession/career/hobby is a numbers game.

This option for renting could be game changing, and its possible! 

Still, nothing from the other guy yet but I think after I get everything done with the electrician, he will find a reason to make me play around with city permit again.I am wondering, can I file a complaint back to the electrician for all the work he had done to my house?

Learning from BiggerPockets, I ideally should build my team before playing the game. 

He is playing you.

If you have done some work lining up multiple companies you may be able to leverage the competition to get something like this reduced. 90 days is a long time in the rental game.