There are pros and cons to both approaches, so I would love some input here :) Alternatively, if this doesn't seem like a good enough deal in general, please let me know what you think!

To deny their application in that situation on the basis that the non-income-providing person does not make enough income or having good enough credit could lead to a FHA complaint.There are provisions that could be put in the lease agreement that the lease terminates if one of the tenants vacates during the tenancy, but you should consult your attorney about putting that into your lease.

The ARV is good enough for a 90% LTV with 100% Rehab Financed. 

Currently Im offering 20% and 20 points, is that not a good enough return for my ~600 credit score?

In his affidavit it has the correct legal description that matches my cash sale, but I am not sure if that is good enough.

If the deal is good enough and you are confident about the profit potential, you can always use credit cards as a short term cash source as well.I'm also relatively new to this, but have recently jumped into the game.

Returns are good enough to not wait for both cost and interest to go down.  

If they can own their dream escape, eliminate the costs and annoyance of booking a rental every time and carry most of some of the costs by house sharing with someone else, that's good enough for them. 

So maybe having them under LLC is good enough and I had a consultation with Andersons Advisors where they advice to have Land trust on each RE portfolio ?

I say this because we usually execute with Hard Money because our other loan options aren't good enough.