Half of Income = NOI: This one is very common in multifamily.

The issue I run into, based on what I can put down, is that I would most likely have to split the mortgage down the middle (I pay half/Tenant pays half) based on current rental rates and current mortgage rates (considering what I can put down).

Anything over 2 hours away from where you live is difficult to self manage but add a 12 hr time change and a few thousand miles...

Comps(4) for the same 3/1, in the area(1 mile radius) have sold between 150k and 190k.

I can see it's working.I would not pay someone for a half-a$$ job that took 15 months longer than it should have. 

Byers is about 15 miles of Wichita Falls, Texas. 

The main investor still wants to go through with it *if* they can find someone to go in half’s with them, but I’m afraid they won’t be able to find someone to go in with them in time.Here’s some more info, if it makes a difference, so you could give more spot on advice: the house is extremely unique in California, three hours east of SF in the Sierra Nevada mountains & and was built by a bridge maker as his own residence back in the 60’s, so it’s one of a kind.

It was a lot easier when rates were half of what they are today, but we're sitting at a 22-year high right now.

I mean, that's about half the value of a better Canton house! 

In other words, if going up to 80% vs 75% cost 2% additional points up front and half a point in interest rate higher is that extra leverage worth it?