I plan on going out to the property this weekend for a more detailed inspection.  

I have a lot of on going projects and I am willing to find one to work with long-term. 

Of course they come here because they want advice and people will help them which is great.I originally intended on going out there and finding things and putting them under contract. 

Than I would buy a house where ever you plan on going to college and rent out rooms while you live in it.

Either  1) you will get no loan whatsoever, or 2) It is some BS combination of "trade accounts" credit.....Office Depot, Home Depot, and other misc useless businesses......Not a cash line of credit.Once you qualify for any kind of business line of credit, there will be No upfront fee, and more importantly it will be because you have established an Actual ongoing business that shows a profit, and consistent revenues over a few years.Time to turn on your BS detector.

I am about to close on 3 properties  in the next 2 weeks, planning on going the BRRR strategy, i would be very thankful if you could forward me a copy of your appraisal package..

You're still out initial materials costs and ongoing repairs costs.

Even when you're here, it's hard too completely refinance out, so if this is the route you plan on going, it's important to have some reserves to make up for any refinancing shortfalls. 

Just because they will be putting tenants in the units does not mean that they will be the sort of good tenant that is desirable; chances are good that since they have no intention of ongoing management of the building, that they aren't going to go through the added effort of screening tenants to be certain they will be tenants with good character.  

While it's accounted for in your on-going numbers, if taxes are due 10/1 and you settle 10/31, you will have to come out of pocket for 11 months of it immediately, which is about $4600.