I have read mixed reactions on the forums, some people mention that a 20% equity is required, others that 2 years living on the property is required, even read that a letter explaining the reason for moving might be enough to satisfy underwriting and execute a 2nd deal.Any help sorting this out is greatly appreciated!

My first reaction is to reach out to the local housing authority and get her to apply to the wait list for Section 8 and Public Housing but the average wait is very long and this lady NEEDS out of this house.

My initial reaction is that while paying off your student loans would change your risk profile (and maybe be a big relief!)

I don't often see numbers like that in Pensacola, so wondered if reactions here would to take the shot for good #'s and turnkey condition despite sketchy area.

I usually mention 1-1/2 month security to see what the reaction is.

@Joe Paula few reactions to your post.

Ideal for hospitals, schools, hotels/motels, nursing homes and office environments where a highly washable and stain resistant finish is needed. ( http://www.iciduluxpaints.com/ourbrands/PaintCoating.jsp )I'm very chemically sensitive and was able to be in the house the next day with no negative reactions/no odors.

You can either ask them what kind of return they would want to see if they are willing to lend and see if the numbers work for you, or you can write up your deal with all the numbers listed and state the expected return and present it to them and see their reaction. 

@James Wilcox Thank you for a more tempered response to the many over reactions here.

Anthony Take what I say with a grain of salt, as I don't know your local market, but if those were my critiques my initial reaction is your rent is too high.