Use this as your advantage and ask for price reduction.

If you do agree to a 10 year term, you will be gaining $630ish per month in principal reduction vs $345ish per month on the 15 year term. 

But then again, my trucks are 'beater' work trucks and have fixed functions... diesel tanks on one and just under commercial weight limits (25999) on the other... 

I've only found negative reviews of folks who either 1. got refunded immediately because the firm stated they couldn't represent the property owner for whatever reason or 2. got refunded after the firm tried and couldn't get them a substantial reduction.

He may opt for a reduction in rent or provide you with a window unit.

Limited monthly cash flow, but maintain good rate of principle reduction at 15K and say appreciation of property at 2% a year.Shortly after joining the Army I was interested in using both retirement accounts (couldn't contribute to TSP then) and real estate to prepare for the future. 

They can go through the auction many times and have incremental price reductions before it finally sells at a price that the bank is willing to accept.Example: Take a look at 411 Lore Avehttps://www.auction.com/details/411-lore-ave-wilmi...I've been watching this property on Auction.com for probably 2 years and it is still there.

You will want to look into smaller regional banks for financing and as long as your proforma caps aren't ridiculous and you can show a cap rate reduction from going in to coming out or refi, you should be fine. 

You're quoting the IRS instructions that have exactly zero legal weight.

It will take some time to transition over and there will be a steep learning curve with all of these new properties and you'll likely value the cash flow more than principal reduction.