In order to get top dollar for rental rates I recently added central air and cooling to the property which is part of the reason for going over budget.

Bank Statement loans will typically not go over 90LTV and the lenders will hit your rate hard for going that high on LTV.  30, even 40 year, loan terms are not difficult to come by on bank statement loans.Asset Depletion is a different animal and most lenders will require 20-25% to qualify. 

But no matter what song you play the victory is sweet.  

Quote from @David Song: All deposits in SVB will be available tomorrow morning, guaranteed by Uncle Sam.Uncle Sam has a printer that can print money forever.no more accountability ...Another reason why wealth should be our top priority

I have posted at least 100 times the same old song and dance. 

Use designated areas for going to the bathroom and clean up the feces immediately.

Thank you for going in detail!

The map view of the lots isn't even visible on any sites but the development lots have been filed with the county for going on a year.

@Jean Bolger I asked the listing agent to forgo the buyers agent commission and only take the listing agent commission (which I know is an agreement between the agent and the seller), and he agreed.  

IF you decide to keep it long term and want to eventually do a 1031 exchange (and forgo the simplistic the 121 tax law), you would have to treat home as rental (long term) and take however much depreciation you want (in terms of years owned) in the upcoming years (up to 27.5 years) .