Sounds like a great deal, Good job, win win for all parties involved. 

Agree with @Kris Wong that [cash out] refi is the hard part. I

Would that even stand up in court?

Same with any third party service that is changing the game and cutting costs such as Uber or Lyft.

But is it solid for students who will be jumping off them and doing keg stands.

-She lets us know when she plans to have a house party.

The last reason is the market is crazy in my area and this particular house had already 5 offers (according to the realtor...) and we would have to offer about 20k over asking to stand a chance, reducing the estimated profit margin to zero. 

That last part is the main reason I no longer represent myself on my own deals.

Young people interested in bettering themselves financially and thinking about real estate while many others are focused on partying... that's a great thing! 

I know what it means but I guess I don’t understand how that would benefit either party or how it works with wholesaling for that matter.