Ensure the monthly payments are manageable within your budget.Private Lenders or Hard Money Loans:Approach private lenders or hard money lenders who may be more flexible with lien positions.

You need to study Low and No Money Down Real Estate Investing.

Coach Carson talks about the small but mighty investor and how you're way ahead of non-RE investors with a few solid appreciating properties3) If you haven't done this already put your money into high yield savings account so your cash reserves can grow 4 to 5% not a regular savings account earning 0.1% interest. 

Is he providing money?

They have a convenient website where you can track your rentals and the money you are receiving from them.

The pictures are actually a bit old.

Unfortunately I've injected every last dollar that I have on this project so borrowing or putting in my own money is not even close to an option.

You must alter and change your mindset to actually see.

It sounds like rent by room will net the most money but still wont cover expenses.

He is more likely going to go back to school for a master's and/or find a fulfilling career, but we have no idea what that will look like or how much money he will make.