Once you complete and rent/stabilize, you should easily be able to get into a DSCR loan.

This could have easily been replaced with code/AI.

Sounds like an easily executable deal from what you've stated but likely need more color to offer path forward, terms, etc.

It currently has a renewed leased tenant for a year @$1400 a month (the owner of the property rented it out to workers at an under-market rate but could easily get $1500-1700).

Do you think we will easily sell this house?

We work with a lot of OOS investors and showings, inspections, and lending can all be done remote very easily. 

It can happen all too easily! 

Most owners who do it want to keep the option of having the building vacant when they eventually sell the place since vacant places sell much more easily then tenant-occupied ones if it's a rent controlled building.

If they do, then you can likely find another tenant for that amount fairly easily, as I would assume the entire town's taxes are up- so if someone really wanted to be in town, that price is the new normal.If your taxes increased that substantially in a C neighborhood, your tenants would way more likely give push back for that type of increase- even though you're not being greedy, you're just imposing the same raise you were given.Often the buyer who had the "well, the numbers are better" mentality is only looking at year 1. 

If they are professional, they can explain this quickly and easily.