My only other bills are phone, insurance, gym, and student loan.

A lot of investors use DSCR loans to acquire multifamily.

He has a 3.5% assumable loan in place, but it only has 20 months of term left.  

A lot of people left, they let their bank have their house that they had a loan for.I buy the bank foreclosures, furnish them from estate sales, then rent them out to the contractors.6 months of STR rent pays for the purchase price of the house. 

They were slow with their loan reinstatement letters.

Sometimes, there is not enough information provided by the student to answer the question unless they are on the live call.

However, I am willing to be a good student and learn something new there as well.

I am also a licensed realtor, have worked a loan originator for hard money lender, have light general contracting experience.

Qualifying for ground up construction (GUC) loans without the experience of successful flips or other GUC projects is tough... not impossible, but also notably not cheap.

His purchase money loan is already 6 months old.