I now oversee the renovations and capital expenditures of 124 communities in 4 cities throughout Texas of which there are residential, mixed use, commercial, and student housing properties.

I'm a 22 year old college student that is interested in real estate, finance, and investing.

@Dustin BentonBill beat me to the answer:  Dining room or fourth bedroom depends on your target clientele and your market - whether you are planning flip or hold.As an example - if we are rehabbing a house in universityville to be used as a student rental, a fourth bedroom would be the best use.  

We can't get a second FHA loan, and because of my student loans, my DTI is too high.

The most important thing here on BP is to be active, ask questions, participate, and read/watch as much as possible.

I have no doubt in my mind that the more I engage and participate in the forums the more I will learn and grow as an investor. 

Due to not having much capital ( paying off student loans renovating the house & Starting a new venture.

Cheers...The reason of my post is because I couldn't find any simple ways of getting mortgages [I'm full-time college student] 3 properties and run all of them.

They would even come from out of state to get students. 

My wife and I also have a crap load of student loan debt (approx 580k @ 7%), does it make sense to pay that off before investing or is that just limiting my future income by doing that?