But yes we do bifurcate our portfolio and manage it to make sure it’s well balanced as well and not teetering too far one way or the other.Chris, I never knew about SEC audit.

Educate yourself with resources like The House Hacking Strategy and practice analyzing deals using tools like BiggerPockets calculators.

The house needs about 50k worth of work which I could myself. 100k if I were to sub it out.My question is, how do I navigate this?

Neighborhood Scout is not going to cover any shortfall you have if it doesn't materialize.you could try finding a bank or broker that will do 80% out on a refi, although probably not possible to close by the end of this month. 

It’s a great program, though it does come with some complexities.

please, by all that is holy, no.just do not participate in this abomination

I think it's a great market to invest in - excited for you!

You subject yourself to a lot of risk on DIY.   

Also, the tenants that you are inheriting will not know what information you do or do not have.

That said, it would be hard to determine if this is a move that will help or hurt you with such little information.