She's already living off government assistance, and now she needs your assistance to live in something beyond her means?

A 30 year Government backed loan on a 1 year job seems like a shaky loan to me.So what is your dissertation for this stipend--or is it just teaching?

Look at vacation rentals- smokie mountains, Colorado, Florida - go 25%Single family near big University-25%Executive rental property-25%Land lord lower income - development with government credits-25%

One thing about America is there is always some new government program if people really do need help paying for a place to stay and I am sure between you, the renter, and the millionaire putting heads together this tenant can find a new roof over their head without you having to feel obligated to be so far under market value.  

The Federal Reserve holds tremendous sway over interest rates which in turn can affect home prices.

The legislature specifically prohibited cities from requiring any kind of permit or permission, so it's not just a fee issue:"The key statutory language now states that local governments may not “require any owner or manager of rental property to obtain any permit or permission under Article 11 or Article 12 . . . to lease or rent residential real property or to register rental property with the local government.”I know Shannon (not real well, she just started over here) and I know she came from Asheville planning so I'm sure their zoning might look similar. 

However, we still have a declining economy and people may tighten their purse strings if things don't turn around soon.On top of that, our government may choose to "fix" problems with more rent regulations.You can make money in any market.

Postal Service delivery personnel is illegal under federal law:https://about.usps.com/news/st....If you want to leave something attach it to the door.

He's super cool and was the one that pushed our legislation so I'm very confident he can answer any question you may have, regardless of state as this is a Federal incentive. 

If your investment strategy is to house hack, the most suitable financing means will be through a conventional lender or government-backed loan product (FHA).