That amount is baked into the rent you charge.

I read on Lee Arnold system . com that joining the inner circle gives access to up to 100% financing on residential loans including Property Purchase Price + Closing Costs + Rehab Costs if that amount is 65% of the after repair value (ARV) as determined by a third party appraiser.  

I suspect a local bank/credit union would waive the seasoning with such a strong DSCR on this.And yeah, I was debating on the ARV, particularly given the amount of rehab you will do.

What is the minimum amount of profitability acceptable at a $60 million loan volume4.

That amounts to a loss of $6240 in cash flow per year.2) Property Tax discount of $466 per month is for the first year. 

You could say you want something within a $$ amount but if it's going to cost more then you miscalculated the budget. 

My concern is that I may need to invest a significant amount in redecorating the home to appeal to this new audience.I’d really appreciate your thoughts on this.

An article from The Mortgage Reports explains:“The amount you need to put down will depend on a variety of factors, including the loan type and your financial goals.

While may not have high amount minimums, they may have a minimum $ threshold for cc processing, Ours is $0.60, with a discounted plan that could be a few as 8 records.

And of course collusion to keep bidding amounts down was alive and well. its illegal as hell but done all the time.. there was a group in NC that got tagged by the FBI back in the middle 2000s and it cost them 800k fine dont think they went to jail though..