Let's assume yours is really nice and rents for $4,000.You have an original loan of $220 plus a $125 rehab for a total loan of $345.

Then I would get a bridge loan (assuming each is above $100k purchase) and put $25k down on each one, get the lender to finance the loan for 12 months and give you 80-90% consruction costs then when complete refinance to a DSCR.

New development in the city are kicking out people.

Just not worth it plus it's probably going to just get worse.I would not renew and re rent with it not being furnished assuming the furniture is trashed.

Or can i assume that almost every guest will log-in with their own Netflix account?  

They had a lot of contacts on the property on zillow, so I am assuming the PM was just not following up quickly and loosing applicant, but it is making me nervous about the deal.

I assume its not W2 income.

DSCR loans at 80% LTV/20% down are widely available on a duplex assuming that the rent will cover the proposed PITI. 

@Chris Tessmann - I assume you had to complete a form for them for redemption?

Quickly analyze properties using the 50% rule (assuming half of rent goes to expenses) and verify rental comps on Zillow, Rentometer, or with local property managers.