Loan currently is 105k, w cash out refi could jump to 165k.Closing cost on cash out refi around 8k.Current monthly payments would go up on 1/1 condo from 900 to 1200/m, but lender says i would pay off CC debt (20k at 17%) and student loan (14k at 6.5%) and thus save 500/m in cash flow.. plus he says id get 20k in cash after all these debts are paid off w cash our refi so its a no brainer, i should do it.I get that these short term loans would go down and id have more cashflow, id be able to buy another property, but overall over 30yrs id be paying a TON more in interest than i am currently. 

I deal with many college students, but sometimes I get crazy family stories that poor in, and I have heard every weird one possible.If the situation sounds good, I then move from email or text, to a actual phone call to get a better idea who I am dealing with.Lastly, I set a showing with a current tenant that is willing to help me, which is about 99% of the time thankfully!

I have a student loan I am throwing almost everything I got at.

Then you could speed up paying off your student loans. 

I give myself a break on this because 13 years of K-12 and a father with a PhD was a lot of brainwashing to get past alone in 4 years of college (which also offered up its own very large share of brainwashing, even to a humanities student).I can only imagine what he would have told me if I had explained I had put aside my summa cum laude degree and four full-ride offers for my own PhD and was working for maybe 10 bucks an hour to learn renovation carpentry.My hat's off the young people who are figuring the big societal lies out nowadays at a young age.

Have you rented to students before?

yes with no experience i typically bring you on as a student and coach you, you hold the underlying debt and bring the deal, and I show you every doc and process, then split the proceeds 80/20 then 60/40 then 50/50 the 40/60 20/80 and by then you should be experienced enough to fly on your own.. however im no longer doing beyond the next few months due to changing market conditions

Forgot to mention, outstanding student loans are less than 10k and W-2 job is 55k range

I have found that even many high-end homes have ADUs or au pair suites that people like to rent to traveling nurses, professors on sabbatical, grad students, their kids who come back from college or aging parents (likely no rent in that scenario).

You could also generate enormous short term rental income while living there for the big events associated with University, and then you could turn it into a student rental when you move.