They will tailor a program for you, based on their success with similar businesses.  

Look for properties with low taxes, separate utilities, strong demand, and potential for rent increases.

Is there strong demand for rentals and is it potentially possible to rent a room for 1500-2000 depending on the location (slightly cheaper than a studio from what I've been seeing which is how I priced my rooms in AZ)?

However, a larger home may consider another can or two in certain locations based on proximity to the kitchen or bathroom.

This makes a strong partnership agreement critical to protect your interests.Legal and Tax Implications: Consult with a real estate attorney to formalize your agreement and ensure compliance with local laws.4.

Quote from @Efrain Flores: Quote from @Tim Delaney: Based on rent of $1500-1600 and mortgage payment of $1700-1800 which doesn’t even include maintenance, management or capex it doesn’t seem to make any sense to keep it as a rental.

What I would do today knowing what I know and based on my age (im 54 now).

My mentors (both successful investors) swear by building strong relationships often saying  "It's all about who you know,".

Loans are nothing more than networking, and strong financials which you look to have on the property.

Leverage will be based on whether the land is entitled and borrower track record but 50-60% is the norm, not 80%.