However, the Tax Cuts and Jobs Act eliminated this restriction starting in 2018.

The owner did mention they want to eliminate being responsible for the mortgage.

Therefore as time goes on, a seasoned investor realizes that there is a ton a risk with too much leverage and then we actively try to reduce it or even eliminate it.If all rents were to drop 25%, could you keep your portfolio? 

Personally, I would eliminate the verbiage of "Applicant must exhibit a responsible financial life" and "Applicant’s background must exhibit a pattern of responsibility".

Eliminating all debt and living below your means negates the majority of concerns listed here.  

Never really thought about AI as a threat to jobs, but I don't dispute there are jobs that being eliminated because of it. 

I eliminated one of the units for me to live in. 700x3 = 2100. 

If you decide to keep the property you can refinance into a conventional loan and hopefully you have enough equity to eliminate the PMI/MIP.

You can clearly spell out, in the articles, who owns what share of the company, how proceeds from sales/revenue are distributed, and it eliminates the potential for someone trying to "switch the percentages" down the road so to speak, because it is a formal legal structure. 

When you ask for <$100k, you've already eliminated half of the pool.