I don't think there are restrictions on gift money but it varies lender to lender.

You also mention that it is a historical property, are there restrictions on the type of work that can be done?

The school housing seems to prose more landlording challenges, but would most likely be more lucrative and easier to market.The main issue is that i am restricted in how im searching for homes.  

The Management of the Coop increased restrictions to prevent buyers from being risky and the Banks increased their Standards.Marshall's $72k Purchased Coop is not even worth $60k today.

Takoma Park has some, but their incredibly restrictive rent control leads to them being cash flow negative if purchased with leverage.

In some ways, it is more restrictive than before because of the responsibility of validating your investors.You still have to follow the same rules in 506(b) as far as documentation and structure.It's impossible to cover all the ground here.  

Fannie Mae and Freddie Mac set standards but a lot of lenders have overlays that are more restrictive so you have to shop around.

Some will have more restrictive overlays.Conventional loans are for 1-4 unit residential properties.

Prices are too high here and the tenant laws to complicated and restrictive for a newbie like me.

They may have design specifications they require or personal branding restrictions.