But you likely benefited from the same forces when you purchased your place...as even if it was vacant, the price was anchored by all the previous sales of fully rented units....BUT, for any multifamily, appraisers also value based on CAP rates which WILL reflect if places are selling for less because rents are low...versus an empty unit that will have a higher price because it will be based on the pro forma rent.  

At the same time you would but the note and deed in your name only and make sure the divorce agreement or decree reflects it all

If there isn't a set space for each tenant's dog, make sure you require renters to have insurance-- dogs fight, and vet bills are very expensive, and they will be quick to involve the rich landlord and somehow try and make it your fault.Lastly.... how the dog acts is  99% reflective of  the owner, we have one duplex unit, she has 4 dogs, takes A+ care of them, walks them, lets them out.. 0 damage to the unit.. so it's really all about the owner!  

Since we just finished a 2-bedroom apartment rehab in central Connecticut I figured I would post some pictures of the finished product as well as some details on the products we used for paint and flooring.This apartment is located in a lower B class neighborhood that will attract solid qualified tenants and the apartment rehab and the materials used reflects that.

As for vacancy rates, here's a hut that has been operating for a while and probably better reflects usage.

If the borrower does not have a history of renting the subject property or if, in certain cases, the tax returns do not accurately reflect the ongoing income and expenses of the property, the lender may be justified in using a fully executed current lease agreement.

@Chris Gordon You're going to get a wide variety of preferences because in the world of REI, most investors will invest via the Equity Placement route meaning they're buying cash flow with a break-even analysis reflecting when they will really start "Cash-flowing" on an investment.

We are pre-approved for 200k with a mortgage broker.After doing some reflecting I realized that I may be backing out off plan A without exploring other options.I currently have a rental property with about 90k in equity.

Why not tell him you'll do it if he signs a year lease at market rate to reflect the new condition of the unit.

The Feds still recognize my rental as a Zone X so the policy will be less expensive this year (prior to the Feds reflecting the change).