if they say no way, you know your not going to farce appreciation without removing them...if they are agreeable, ask them what their expectations are and then take it from there.Most tenants want something and will pay for it in return.

I'm thinking 6 or 7% would be a good return for him, as that seems to be pretty good in terms of getting a loan.I'm thinking we'd use his money towards a downpayment (we're not sure how much he has currently, we'll be finding out in a few days.

It's not a matter of 'being patient', the issue is that the costs have gone up and return has gone down. 

At the very basic level this does not meet the 1% rule personally I think you could find a much better return on that money.

It’s getting better, but I would choose temple any day if the return is similar and you can afford either option.

In return my agent is very responsive.

BRRRR isn't the best for a newbie either (at least not a large project) which is why I suggested house hacking FHA won't let you buy anything too terrible and in a worst case scenario you at least have a rental unit and a place to live even if it doesn't offer the best financial return.

. $87k per door sounds alot. you are getting a low return so you need better terms to cashflow. 

I would make arrangements to get his belongings out of the property and either in storage or returned to him some how.

When they return in September, they already know where they are going to live and they start the semester and the house sits vacant because you didn't put in on the market from Feb-May.