It is subject to.

@William Bohan as others outlined, there are several logical options, all with pros and cons (of course.) 

I'm not saying you're doing this, but people will often make the mistake of looking into the highest priced rental unit and making that the "market rate" but it's often not a true comparable to the subject.

You need to log everything to protect yourself from any liability.Going back to your initial question--price is subjective.

Mine was also out of state, in a town I’d never visited, and I relied heavily on videos from my agent.This sounds like a tough first deal, but it seems like you have some capital on the side, which will be useful as you face the upcoming challenges and learn from those expensive early mistakes.Regarding the subject of this post, “help me adjust my expectations,” I’d recommend assuming that; repairs will cost twice as much as you estimate, maintenance and vacancy rates will likely double from your initial projections, there’s a very real chance you may lose money on this deal.That said, there are ways to mitigate these risks by:- Keep asking questions here on BP and connecting with local experts- Stay proactive and communicative with your agent and property manager.And remember “Inspect what you expect.”Im not trying to discourage you but to help reset your expectations.

If he doesn't qualify, advise her that she has to 'cure' the illegal occupancy immediately or be subject to eviction. 

Even if the property is short, a contract with a buyer, even subject to short sale approval, should work. 

Look into seller financing or subject to properties in the area that you want to purchase. 

Same thing as Bankrate for example they use a very specific model to price those rates and scenarios like 740 Fico, 70LTV, 15 year term and the APR is never really talked about when it comes to margin and points charged.So when your fico score, LTV, loan size or DTI deviates from that very specific loan scenario then they say in all websites required by law "rates are subject to change" hint hint! 

Draft precise agreements outlining loan terms, manage risk by diversifying investments, and build relationships with real estate professionals.