One thing that helped me when I started was getting super familiar with the local market and building a network of reliable folks (like other investors and contractors) who could make the process a lot smoother.Feel free to reach out if you have questions about investing in Michigan or want to compare notes.Best, Travis

I've considering whether it makes sense to look at potentially converting it to a single family and enrolling the property in the college's off-campus housing program.

Are there other ideas to make this deal work? 

This is my first deal of this kind and I want to make sure I am considering everything.Thanks in advance!

I would absolutely make sure they are aware and let them make the decision. 

What're some positive and negative stories you guys have of using little to no money to purchase property? 

To make up the difference, some investors bring on equity partners or use HELOCs.

Even though we do run credit and background, I refer to us as private money lenders rather than hard money lenders based primarily on the cost of capital.

I have no debt and have managed to save a significant amount of money.

Brandon Turner's books are an EXCELLENT starting point.Next, I'd make sure to listen to as many BP podcast episodes as you can.