I know that nothing is free, and that some programs require you to pay the DPA loan back before you move out but what else is there to have in mind that I should know about.

You get better interest rates/loan terms. 

HURDLES:*About $230k in student loan debt.

I started looking into Denver 🤔 @Gilberto Ramirez III- thanks for the feedback ....if you need to use a loan to purchase and  if you havent already  been pre  approved  recently - I recommend getting the pre approval in place BEFORE  spending a lot of time actually looking for  properties 

This way you don't need any loans, you get to grow your equity/experience/income with every house, and the passive investors get your time/dedication/growing expertise/energy/and an inflation resistant investment. people want good investments, the Horse, but they mostly judge that by the earnestness/ambition/expertise of the Jockey. good luck :)

What % of houses in Reno are available for a conventional investment loan at $360k or less? 

I've heard that some mortgage types aren't eligible for subto, such as VA loans. 

Typically, people will quit claim deed the property over into the LLC's name knowing that they run the VERY small risk that the lender could call the loan due using the due-on-sale clause.

As of now, I have saved up enough money for a down payment on a fha loan, and my income is expected to meet the loan qualification criteria soon (with my parent co-signing due to my limited income history).

If you guys could help breakdown the fees involved with the hard money loan, and the refi with the bank, that would help tremendously 🤟🏼