You are looking for a PM, you figure out they're early 20's, or whatever age you would consider "young", would you still take them in the running to be your PM? 

All it's looking for at that point is total liquidity, credit score, factors on the property itself.1040's, pay stubs, Debt to Income ratios and things like that aren't a factor here.

@Andrew S.

@Paul S.

The rate sounds low..conventional mortgage primary purchases are in the high 6%'s-low 7%'s..The 5 year PPP is a little heavy as usually declining..5%.4%.3%..can also consider 'buying out' of the PPP usually around 1-1.5% of the loan amount upfront..

What is the reason(s) for the immediate need on using ARV for the property?

Try and also have it close to the rear or front garden hose spicket.If the renter(s) are going to use a small unstable grill or "Cheap" grill it might be a good idea to ban it or require the above.

We typically ask the purchaser of the report to enter all 0's for the SSN which indicates to our screening team that a SSN is not available.

Would it be a better idea to invest in a single family home with only my personal capital, or partner with a colleague(s) and go 50/50 or 33/33/33 on a larger multi-unit property?

It is pretty standard for loan documents to be 100's of pages, so you'll get the hang of it once you find a good/credible lender and gain experience.