She explained the story of how it happened due to a divorce, etc. however you never know what to believe.I am curious as to if you allow a co-signer/guarantor, or if you are more strict and simply have no exceptions.

@Brian Reynolds yes DM me BP are so strict about posting emails and numbers wich is strange especially for a paid site

I called around to a few banks before I started the BRRRR strategy and found a couple who mentioned they didn't have strict minimums on cashout refis. 

@David Cruice I don't think I'd be interested in being a Realtor, it would be strictly for MLS access and saving commissions, not to mention it will help me build relationships with lenders, contractors, brokers, etc., however working at a real estate investment company for a few years definitely seems like a great idea to understand how everything works.

It's strict, but I don't want to hold my breath for 2 weeks to decide whether or not they're going to pay. 

We handle this way:  leases have a strict zero tolerance clause for drug and domestic violence issues. 

And this is near city center in Houston TX with plenty of land and appreciation.I try not to be a strict rule of thumb buyer but bottom line, unless it's an A or NNN deal, a property will almost never cash flow if it isn't a 1% deal. 

During that time we will save up and purchase another property strictly as a rental property.I will send updates as we move forward.

My advice - get 2-4 units, your scenario 2 or 3, however in our heck of the woods VA is so strict, it is hard to find a small multifamily which will pass VA standards. 

See https://noprop10.org/On AirBnB in San Francisco - The City of San Francisco has strict regulations on AirBnB in the city.