I've been studying real estate investing for the past 6 months and it's definitely something I want to pursue.  

Please take the time to study the feedback they give you and integrate it into your future analyses. 

Looking for additional study material

The idea being to promote studying instead partying (potentially decreasing the damage/complaints on the property), incentivizing the tenant to stay throughout their college career (decreasing turnover/vacancy), and developing some additional motivation for a tenant to choose my property over another similar property. 

I am studying now and researching what I'm embarrassed to say I'd never heard of: 10% down funding on vacation homes.All thanks to you, much obliged!

This property proves positive cash flow and follows the 2% rule however I now have to come up with 8k cash when we were planning for 3k.

Having said that, the fact that your mentor has 30 properties in town just proves that money can be made anywhere as long as you get the right deal terms.  

If you CAN personally appraise that house because you’ve studied accurate and applicable SOLD comps for the last 4 months and have inspected it in person closely enough that you KNOW it’ll appraise low or high then this becomes and easy question to answer.

I studied and studied the comps every month and finally a comp came through that was exactly the price per sq ft that I needed to get the house to appraise ($115 per sq. ft. to be exact).  

Bank of America, Chase, etc. all have it.The candidates can snap it from their phones and text it to me.The pay stubs are sent to me via email, etc.In a lot of cases, I wouldn't need to even pull a credit report because I tell them that they MUST log on to the website where they got it originally and prove to me what was sent to me was not altered.Since I have been doing this for about several years, not one candidate has altered their credit report.