I am looking to achieve a low down payment and renovate the portion of the home I would be "living in" over the year I am supposed to be residing there and essentially using that year to take my time with renovations as I am full time student and working full time.

What I also did though was give the borrower a PFS and information that showed I could pay this loan and had the ability to pay the loan whether it was generating income or generating no income. 

I just purchased my first property with a 2nd home loan in Savannah Georgia that I am running as a short term rental.

I will likely have to contact an attorney, but first I will contact another loan servicer that I recently found, to see if they want to take this on.

If you're able to purchase a multifamily close to the school it opens up the possibilities of using the units for traditional long-term rent, renting to students or AirBnB. 

Consider lending the ~$100K equity in private loans secured by real estate. 

Should the $10k loan be a lien on the house?

Especially nowadays with the cost of capital so high it makes even more sense to cause you're getting 4-5% to hold it, and not having to loan it at 10% when you're stuck. 

Greetings BP family,I recently passed my SAFE Act exam and am ready to begin building my book of business as a mortgage loan officer / originator in Virginia!

Your returns on market appreciation are MULTIPLIED because you are buying the investment with leverage (a loan)!