Yes when going for a personal full doc it will require all of that documentation .

To me, when a roof is starting the leak it should be repaired/replaced, so I rarely wait to fix a roof.

I called the agent and it sounds as if the issue was really with the front porch allowing water under it and causing water to leak into the basement.

The owner attempted to fix the issue but tore up the drywall and couldn't locate the source of the leak.

If the washer you provide leaks and ruins the tenant's property then you will be responsible to repair or replace their belongings. 

You'll need to provide Entity Docs for each LLC that is a part of the transaction so that the underwriters can review them all the way down to the natural individuals/warm bodies. 

can do no income no doc at 30% down on the purchase providing 100% of the construction 

LOLJust from listening to some of his REI podcast, haven't analyzed any DD docs or anything deep.

A full doc loan will allow the cash flow from the properties that do cash flow make up for the properties that do not.

Paying 2.4% for total closing costs (which include title search, title insurance, all attorney doc prep and recording fees) seems very reasonable given the relatively low $ purchase price.