And, voilà, you have your own guide.Problem is what they'll likely want to know will probably be basic and already covered by those guides.

Which BTW most of our closings are subject-to the existing financing, so we have little cash into the deal, just the arears and the closing costs.You find NOD and pre-notice via;   realtytrac.com / equitydepot.net (if they cover your area). 

Use tools like the VA loan for house hacking and your Basic Allowance for Housing (BAH) to cover living costs while building equity.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Our insurance has been canceled on this home and we are working on getting insurance to cover when this current one ends.

This just covers the basics: how many people, do they have pets, what is their timeline for moving?

This is an area that home inspectors typically do not cover in their reports.

My spouse only makes about 45k pre tax and I essentially cover most of our living expenses except for groceries. 

Assuming the ARV you mentioned is accurate, at 75% LTV you'd be able to pull enough equity to cover your existing payoff, refi costs and walk away with a good chunk of cash in your pocket.

What I mean is, some investors look strictly at cash on cash return, some look at cap rate, others just want to make sure their mortgage is covered.