I would be weary of that. the rate and terms seem more favorable for a regular transaction. take the cash now or keep the property. 

Keep in mind to get the best rates (including for refis) you have to live in the property.Living with your parents can be beneficial since you would be living for free, but is that the lifestyle you want?

A landlord can keep those reserves and use it for normal wear and tear or more serious damages.  

Thus, the need to look elsewhere.Still, there is this factor I'm questioning which may be the discomfort that keeps me from going this route.

San Antonio / Central Texas should be some solid areas for BRRRR strategy - I'd be a little careful in the gulf coast areas like Beaumont though - a lot of weather risks that unfortunately keep popping up

I keep a capital expenditure account for the big issues, but the rest goes into equity.

I'm torn because people say "don't sell... houses are going to keep going up".

Ill keep you posted on my experience with them.

Keep in mind LLC fees ($200 in NC). 

If you use the search function, there are a number of threads on this.Pros-you can rent by the room and make more moneyCons-students are often less experienced at living on their own and may do things that result in repairs (eg wrong soap in dishwasher), higher turnover, more calls to deal with things, higher chance of parties.If you do it, you may want to get a cleaner in once a week to clean common areas (students clean their own rooms and keep the place tidy, wash their own dishes) and you will need to get someone in to take care of the yard.