Business loans typically won't let you purchase a property if you read the fine print.

Conventional 30 year loan.

He made his own mom get a loan?   

Thank you.I've personally bought and sold over 15 properties, was a Realtor in Texas for 5 years, and a loan originator for almost 10.

I am starting to get involved with real estate investing, but I am only a college student, so I do not have the income to place a 20% down payment for most properties.

You can purchase this with a low-money-down FHA loan. 

Converting properties to multi-family is considered extensive rehab and those programs are a little more exclusive than the standard bridge loan programs. 

Loan officers with 25 years of experience typically are more experienced, and have less time per file, because they have an abundance of files.Loan officers with 25 months of experience typically are less experienced, but have more time to devote to you.I can't write my own loans, so when I'm getting a loan I prefer working with less busy people when I'm doing my own real estate investment, they're more responsive and dedicated it feels like.

In our commercial loans we still had 1 to 2 years on our 5 year balloon periods.  

Quote from @Beth Johnson: We pass all loan servicing charges through to the borrower including set-up fee, monthly fees, and any servicing charges such as payoff demand generation, and loan close out fees.