If you pursue co-living properties, I would still highly encourage you to analyze the deal as an LTR as a backup strategy in case things go sideways.

But with that comes more expenses, more insurance, more turnover, more cleaning services (I live 3 hours away) - so much more to deal with. 

But I guess my best option is to just purchase it at the current interest rate since I still need somewhere to live.

It depends.

Factors driving this growth include economic opportunities, a high quality of life, affordable living, and reputable educational institutions.

Depends on what you're looking to do on the software.

Depending on the location, you are probably sitting on a solid equity position.

Couple options that might be viable for you (I don't know all of your circumstances)- BRRRR into a DSCR by creating equity; partner closely with a lender before starting on this to cover seasoning and other requirements - also this will only work for an investment property, not a primary- bank statement loan/1099 loan may work if you can put at least 10% down and want a primary residence - will depend on how you're operating and a few other variables- seller financing; find a seller willing to carry a note for a few years- co-borrower; someone with decent income and credit who will be on the loan with you- DSCR purchase; be prepared to put down at least 75% or your rate/pricing will be horrible (70% is better); many lenders will have experience requirements; investment property only- find a private lender willing to fund the loan you need- get a salaried job relevant to your college coursework; your fico is strong and you have some cash, so househacking could be within reach via Fannie/Freddie multifamily purchase; get a solid workup from a competent lender before going this route as employment history will be touchy with this routeHard money can be used for an acquisition and rehab, but make sure your takeout financing plan is bulletproof before getting hard money.I'm originally from Baton Rouge.

There may be a lot of properties, but it won't do any good if there is no one here to live in them.

I have about 20 guys, we do live video walk throughs.