Proof of Funds (PoF), Conditional Loan Agreements (CLA), Letter of Intent (LOI) are all attempts to show that some kind of financing has been investigated and is feasible, that's all. 

It's not 100% clear, but it sounds like what you're asking is how to get loans while you have a low credit score.

security, fencing, a guard dog inside or someone stays there at night $1500carry cost of your loan/tax/insurance$?

Consider it as a baseline, says Quicken Loans: When you sell the property, the cost basis is subtracted from the net sales price to determine capital gains tax liability.

So it may be better to let someone else do the heavy lifting and take most of the risk (i.e. they be the sole guarantor on a construction loan, etc).

Or do I just use the remaining balance of the loan?

Also another option could be a DSCR loan as well.

They can do around %8 on the loan.

I was planning to use the FHA 203K loan for Acquisition with Exit strategy for flip or Rent and Refinance. 

When you graduate, fill your space with another student and then buy another house hack while you get started in the business world.Yes, you should work the "boring 9-5" to generate income and qualify for loans.