Comps need to be as identical as possible.

If you get two nearly identical offers where one is asking for you to pay their agent 2.5% and the other is asking you to pay 3%, you get to decide if that .5% is worth it.

There are many Business Loan Applications, which are virtually identical and carefully worded, that you can find online.Hopefully, your lawyer includes a Certificate of Non-Owner Occupancy in your loan package, and language to that effect is liberally mentioned in your note and mortgage/deed of trust.Consider obtaining a script offered now by some lending attorneys that you can use to interview your borrower about their intent during a recorded Zoom call.

A huge part of being successful and scaling as a real estate investor is finding reliable, available, competent, hardworking help (handymen, electricians, HVAC folks, property managers). 

You should check it out, lots of investors locally that are challenged with finding reliable and experienced contractors, you may want to consider becoming a business member. 

I see you're after reliable tenants, so I'm not going to argue about the area you're targeting, but make sure you can still handle a bad tenant.

Property managers can handle tenant screening, lease agreements, rent collection, and even routine maintenance with a network of reliable contractors, which could save you the headache of finding a trustworthy handyman remotely.That said, if you feel confident in your ability to manage these aspects remotely and have reliable contacts in place, you might be able to save money by doing it yourself.

I moved onto another lender who was more reliable.

If they have a solid track of students making money reliably, heck yeah absolutely go for it.But don't go for it because you already want to and you just want validation from others.

Slim to none reliable outlets have this product active right now that is underwritten as a DSCR.