I teach a 4 hour course on wraps if you want to learn more on how these are supposed to be structured and managed https://wrapu.ceshker.com/Stay legal and safe out there!

He will know if the heater is even installed correctly, safely, and to code.

Turnkey is smart for what you are saying, but you have to completely authenticate the turnkey provider. $100 cash flow is not worth it a month.

It's tough when there is only one property of any type and multiple applicants so remember if it's not out of your scope to get them set in a right direction as well if there are multiple qualified applicants.Best to you Jake, stay safe!

I don't think there's a reliable way to come up with an exact dollar amount that everyone can just plug into their situation and be 100% safe. 

And you have an "asset" in the hood, you can safely assume the appraiser will not pick the 5 best comps.

Use an attorney to draft up your legal loan documents and ensure it's safely secured against the property as a deed or mortgage.

Any other possitive factors  - stable tenant base  - alarm systems  - regular checks on the property  - no pets  - Lead safe certification  - newer roof, plumbing, electric, etc..Anything to balance off the lossesBe prepared that it may end up in a non-standard (surplus lines) market for a couple of years.If you did not have flood coverage before, see if they will continue the current policy if you get Flood coverage and increase the property coverage deductible. 

You can later convert that house (after a year or so with a safe harbor from the IRS at 2 years). 

They didn't go in depth as to what exactly that meant but it's safe to assume they want to help a local family make it their primary residence.