The rest comes from a lending institution (agency, bank, etc.). 

Here is an article from VC firm Andreessen Horowitz outlining some of the reasons they choose to participate in Hipcamp's Series B Funding:https://a16z.com/2019/07/24/hipcamp/

First, most financial institutions will only finance 50% LTV; the terms will not be as generous as a regular mortgage.

I believe the location relative to the school means the student market will effectively never dry up, and the university is expanding and being backed by the state (TX) to expand the facilities it provides to technology companies across the nation as a research institution.

Hey @Marco Cruzatt, you are correct, several banking institutions have changed their lending requirements, however, there are still a lot of mortgage companies who are providing competitive programs such as FHA, VA, and low down payment Conventional loans. 

They will split the classroom, to have smaller in class sizes and utilize online platforms for full class participation.

This effort has an optional additional family member interested in participating in exchange for access to the vacation unit (doubling as an investment for him).Our goal is to become the owners (or at least occupants) of the first house while minimizing the tax burden for all parties involved.

I know Rent Manager is more robust (also more costly) and adds the capability to collect cash payments at local retailers that participate. 

In this case, several individuals participate in one first position loan and share ownership based pro-rata on the amount they contribute.Last, simplest, and completely illegal if you do it incorrectly, is to form an LLC and have your investors make capital contributions.

You're probably going to have to wait until you have at least 12 months under your belt of 1099, and possibly 24 months depending on how hard Coronavirus continues to hit us.Keep checking back with small lending institutions like community banks and credit unions.