Again, on the surface it appears that breaking into the MFR market would be expensive and quality deals would be very limited.

I looked at the school you posted, and as much as in class schooling is tempting and superior to online (In my opinion), my transportation options are limited and I am going to try to get into the game as soon as I can. 

Your loan options are limited to 25% down on anything 1-4 units and 20% down minimum for 5+ commercial.

We're looking at making a personal investment in a parcel of unimproved land (no utilities currently) in the limited improvement district of Perry Park in Larkspur.  

However I also discovered that it is zoned residential high density which allows for a minimum of seven units with no maximum limit.

I wouldn't just limit myself to students unless that's all that lives in the area. 

 Today i summoned the powers to knock on 6 doors of some leads I had. This may be a little out of place but i'm of the group of people that more times than not, place my own obstacle in my way by negative thinking and...

But the person behind all these entities is the one with the limit of 3, not the "shell entities".This all fuzzy and as Ken says with risks.  

If you need to build six units (I would limit it to 4 units for better financing options and easier to sell to an owner occupant), then it should be cheaper to build one building, with six units.  

You don't have to pull out any of your 401k but it can be used for a lender as reserves. combine that with credit card limits and that should give you a pretty good buffer.