And too play a little devils advocate..

@Nina Ning I do not play detective or require past rental payments to qualify for my units.

Is this the best play here?

are you already fairly diversified? 

I think there is definitely a couple strategies at play here for you and your family. 

Playing it safe might mean walking away if the numbers can’t improve.

Keep in mind that you'll need to qualify full doc (DTI, employment history and income will all come into play) and the property typically needs to be titled to yur personal name, not an entity. 

Get estimates for all repairs that are above fair wear and tear in advance. 

Now there are a lot of factors that can come into play but I'm not completely sure what you're asking here.

And that's fair since we know not everyone is honest about their listings.