Another thing is since you are in college maybe buy a home owner occupied 4 or 5 bedroom house and rent out the rooms to college students. 

You can do that math plus there are fees paperwork and sitting in a room for hours.

Yes house needs lots of work, has big kitchen, 3 big rooms, 7500 Sq ft lot.

Just a thought if your 45 day window is tick tick ticking - To give yourself some breathing room from your recent move from Gainesville you could always pick up one more round of value add single families.  

I have seen 500 sq ft "condos" (basically hotel rooms) for 125-150k bringing in as much as 25k/yr.

What you are doing is similar to buying a property to live in...and renting out a room to reduce your costs to buy.  

I need a place to live so want to 'house hack' for some time and rent out some rooms.

For instance I have Food and Dining:  Fast Food, Restaurants, Groceries so I can better track where my money is going.  

Upon viewing the property, although structurally sound, is filled top to bottom, room by room with "stuff" that the Seller promises is being moved out.

All units are connected back to the mechanical/electrical room (mostly with copper, but we used glass in our last building) where both our equipment and fibre endpoint from the ISP are located.