My firm has several hard money lenders we work with who, as some of the others who have responded, will base numbers on the deal in front of them.

Anyway thought sharing our experience may help at minimum firm up your expectations. 

I firmly believe that is a terrible idea.

Place all "Do's and Don'ts" in the lease and Be firm!

Work closely with people in the community or a marketing firm (depending on the size of your project) to create a formidable marketing strategy.5.  

I thought I needed to add the fact that 80% of the deal is subject to the firm/lenders underwriting but it states that on the POF so is that not necessary?

As you mentioned you don’t have alotof capital, I’d recommend you both first get a firm hold on your finances and start building that nest egg.

Illegal or not, the woman may well be a fine person but it is my firm belief you are being lied to-for a reason. 

Personally, my firm has found a lot of success finding lucrative flips and rentals in North Philly (Strawberry Mansion/Brewerytown), Northeast Philly and West Philly.

Hi Zach,Your getting $35,000 a year for free for 3 years--that's a pretty good deal.The new Tesla factory in Austin is projecting worker pay at $35,000 a year, and they have to pay tax out of that.As long as a working won't mess up the free $35,000 after tax it's probably a good idea (but right now you don't have any idea how challenging law school will be for YOU personally time wise).You will probably need to invest in a professional wardrobe pretty soon, and if you're anticipating going with a big firm that can take a good sized bite out of your savings.Good Luck!