Or maybe you end up doing all the renovations and management while your princess of a sister does nothing but spend the money on new shoes.Better to be your own man and make your own path.

I’d recommend getting terms from private and hard money lenders.

As a broke college student I can’t do much when it comes to money but I do have something even greater, time.

Are you looking to lend your money directly?

There was limited money left for making improvements. 

As long as you can later prove that this money did come out of your pocket, no issue.As far as your logistics question, let's flip it and consider it from the buyer's side.

You can make money either way, just in DIFFERENT ways and on different time lines. 

Of course they don't have money now But your money will come from escrow when it closes. 

Rather than spending all the money to furnish the unit for it not to be successful... and have to sell or put all the furniture in storage and create another expense. 

Hard Money Loans:While typically used for flips, hard money loans can be an option if you plan to quickly refinance into a conventional loan after increasing the property’s value.