I know other student rental investors that do not require guarantors because of the additional administrative work and they say that the social pressure of not paying rent is enough insurance.Low Vacancy - LOCATION is everything with student rentals.

Additionally, any tips or advice from those who have navigated similar situations would be invaluable to me at this stage.Thank you all in advance for your assistance and insights!

Additionally, I see a third house only 18 minutes and 11.8 miles outside of my city; this particular "Open House" is Sunday 1:00p-3:00p, and it's advertised for $195,000.

This then wraps back into the raising capital dilemma, as that is the major component that I'm missing.I know this was a post full of jarbled thoughts and questions but if anyone has even a shred of insight or advice, that would be much appreciated!

Any advice or insight is appreciated!

I just don't know enough to figure out what the right answer is and would really appreciate some insight and advice.Thanks!

Any thoughts or insight? 

Ultimately, setting up and maintaining an LLC comes with annual administrative costs so another thing to consider is if your cash flow is ready to support these additional costs. 

To replace the roof would be an additional 7,500.

Thank you for the insights, let's keep in touch.