I also like sleeping at night knowing that i have little to no debt and i do not wish to leverage my shirt off to get a ton more.

If similar homes are also worth $100 and are modern or up to market then you will need a discount from the $100 sufficient for you to put the $10 of improvements in and make a profit.

Obviously they need to show sufficient income as well.

Yes, you need to show bank statements (or some other financial institution like a brokerage account) showing sufficient cash reserves. 401K accounts can be used, too, though there is a discount factor to account for taxes and penalties.

Their coverage will be for common areas on the project, not your unit.IMO, between these three types of coverage, for one property you could be sufficiently covered.

We all know the media and the Government sleep in the same bed.Just sayin.....L.S

Got to the property and it was boarded up and near a railroad track that the bums climbed over the fence to sleep there at night.

You can't go back in time, but even now that seems like it might be your best bet.Ask around, particularly on this website, and interview a number of managers - then put it on the rental market.Once you've gotten it stabilized you'll be sleeping better and you can look at it again with clear eyes.

But, never the less; I have to sleep with her.

As a lender I also wanted to see that the profit estimated was not only reasonable but sufficient to conduct that business.