Am I able to structure a loan where I just borrow the funds for the repairs (since I should be able to get a conventional loan for the property itself)?

Profit $30,000 on $150,000 Total project The report shows " Total Personal Cash Invested " However since I am borrowing the money , my cash invested is only approx 25% of Total Cash In , plus of course holding costs , etc..

Talk to your bank mortgage dept.If the borrower is a recent graduate, then 2 yr work history is not required. 

From a financing perspective, I guess it is more difficult to borrow from banks against self storage facility to increase leverage, as compared to borrowing against residential rental property. 

Once you get started it is hard to stop.  

I'll give my thoughtsThey couldn't really afford it because a through background check was not doneJob LossJob relocationEviction - they stopped paying because ...They need a bidder place due to new baby or family member that comes to live with themThey get put in jailThey need a cheaper placeThey want a shorter commute to workDivorceDeath (in family or one of tenants)You raised the rent too muchPerceived or actual problem with the houseHigh Utilities at your house

If you have $20k from some "gig economy" side hustle that can't be used as income at $20k/12=$1,666/mo, it can still be used as an additional $20k down, meaning you need to borrow less, meaning you can take the same income that can be used further.... it takes less income to borrow $80k than it does to borrow $100k!

It’s never stopped a transaction but it’s a definite headache and head-scratcher not knowing when these arbitrary guidelines apply.  

The margin for error is just to slim when you are borrowing at negative leverage.I would love to attend one of @Jeff Greenberg's meet ups and will try to fit it into my schedule. 

Most of the time a 5-10 year amortization the property will not cash flow after debt unless the loan to value is sufficiently low, which most borrowers are not looking for.