And lastly I paid my tax's.. this is another area that self employed RE agents and brokers get into trouble.. fast forward to the few RE companies I owned and I can't tell you how many agents wanted meetings with me on April 10th to April 14th...

Students must live in campus approved housing for freshman and sophomore years, and junior and senior students with scholarships are also required to do so, however juniors and seniors without scholarships tell me they are anxious to live "off campus"Since apartment is one block from university, students can walk to campus, saving them parking permit fees.Additional income could be had by putting in coin laundry, soda/snack machines, and renting out storage units in basement as well as garage space.I have a friend that currently is the maintenance man for the entire university, and he is questioning students as to how much rent they are paying to live off campus currently.OPTIONS:  Rent furnished apartments to 4 students per two bedroom and two in basement unitRent furnished apartments to 4 students per two bedroom and create common area in basement for study/recreationRent all units unfurnishedOption to raise rents by including all furnishings, cable, wifi, cleaning service etc. with them simply paying rent and electric.FINANCINGtax value (not market value) 105,000Taxes $2,200 with no exemptionsProperty currently has a 30K mortgage left of a 55k loan previously taken out to "give first child his half"Owner, due to age is most interested in payments, and leaving remainder to 2nd child for "her half" Owner has expressed the following offer :30K to pay off current mortgage, and 250K to purchase an annuity that would pay $10K/year for his and his daughters lifetime.In its present state, I question whether the property is able to be financed FHA due to condition, though it is a solid building, the maintenance has been deferred.comps on property are practically non existent.MY SITUATION:I have perfect credit, and am about to flip a seasoned home with no mortgage and expect to clear approx. 70K.I am single, steady long term employment, and have no debt.I have a realtors license in inactive status, and have hands on experience with major property improvements.I am a "Dave Ramsey" girl, and debt makes me quiver...  :-)Note: Property is currently in a Life Estate Rev.

You need to embrace the mentality of a student and continue invest in your education, both formal and hands-on, real-world (my preferred method) learning.

It has a lot to do with what accounting methods the bank uses to account for these properties, and that information will never be in your hands.  

On the investment side I think a new agent is less likely to be rigid and is open to creative methods and as a commercial mortgage banker I think that they may still be building their team and are open to working with new people. 

@Kyle Griffin You need to be employed for 2 yrs consistently in a similar job to use the income for loan qualification.

Lenders will call your employer to verify employment and ask if you are about to be laid off, retire, etc.

If moving out of state for employment purposes she may qualify for a short sale while still being current on her mortgage.

I have efficient methods of rent collection that generates it's own receipt, etc.  

You have to show that you are willing and able to build the local economy providing employment and housing to those in dire need.