A copy of current Bar card must be provided with the application for license;..."

Thanks for the response Russell, I agree, if you keep in mind the rent raises and refinances, this becomes even more appealing.  

That included new piers under the raised floor, all new subfloor, new electric, new plumbing, clearing the 1/2 acre lot of piles of junk and trash, new windows, inside finishes done to today's standards and I added an entire bedroom on the back of the house. $35 grand.

If I am a real estate investor and I've never owned a credit card and I want to rent an apartment because I'm tired of living at home.

In this B-level property I have 4 units, one of which I completely renovated when I first bought the property, and was able to raise the rent by $200/mo as a result.My question pertains to the other 3 units.

It might even drop slightly (maybe around 10%) if the fed raise interest too fast, and cost of borrowing increase.

Great, now you did it and you start saying your an auto mechanic.Now, you get some business cards and post on CL "I will fix your car at your place" you get a call and go over to your customer's house, and he owns a Chevy, much like your Ford, but it's different.

The cheap rental was by accident and they're hoping the owner doesn't raise rents before they graduate. 

Are you trying to the raise the full $650k, or just the down payment?

I often would help my aging landlord with repairs, encouraged him to raise rents that were lower than what they aught to be, and taught him to advertise on Craigslist for tenants.