Does Lender need a lending license to provide a private loan for a residential property in Texas, considering both the lender  and the borrower are California residents?

Its not that far off for two, and a heater, plus installation with a little price gouging.

Loan rate/terms get complex once you hit that 5+ unit property, so you'll ideally want to work with someone who can help on both sides of your plan.I'd also consider MTR as an option for a $70K property.

In my current situation I don't have any capital available, and have a very large student loan burden. 

For loaning money, you'll learn something about the friend and hopefully feel good being able to help someone out. 

These are super easy to install.

For a lot of fixer upper homes, my offer, using an renovation loan, often loses out to lower offer cash buyers. 

Probably most of a duplex with a tiny loan.

They sit back and wait as their properties go up in value and their tenants pay off loans for them.

The cash yield from the loan would be greater than the yield from renting the property, even with area appreciation.