Thanks Justin, That is a scary proposition from the lender. 

Cars are a losing proposition from day one so from a financial point of view the best you can do is the cheapest, most economical car you can get in terms of cost per mile (ownership+repairs+maintenance).

So to qualify based on an offset mortgage payment against rent seems like a risky proposition for a bank, but I've never done it so Good Luck!  

That is a risky proposition.

Just kidding, we know these are both terrible ideas Before  Proposition 13 we had the best school system in the country.

The other great thing about those areas is that labor costs run high and regulatory climates are severe, bottlenecking development of new apartments and giving a unique value proposition to single families for rental conversion.

The core value proposition is as follows:Help residents build credit and move towards home-buying with better loan / mortgage optionsDrive more consistent and on-time paymentsDifferentiate from other properties / landlords that do not offer thisPlease don't hesistate to comment on the thread or DM me to chat or receive more information.Thank you!

So, if you reached out to me with such a proposition, I'd probably explore something along the lines if setting up a blind fund whereby your returns would stay in the fund and be reinvested and compounded until such time that you wanted to start taking distributions.Note - you would have tax liabilities in the meantime, so you'd likely want to take enough distribution to cover those.

What would be the best way to offer this proposition to the development company without sounding like I am desperate and instead make it sound like I'm doing them a favor.

It's important to figure out what your business strategy is, and what your value-add proposition is.I know that folks have been successful in each one of these niches in Philly real estate, just depends on what you are looking to do (in no particular order and just off the top of my head, I'm sure that I'm leaving a bunch out): low-income rentals, luxury rentals, flips, vacant land speculation, new construction, section 8/PHA rentals, wholesaling, wholetailing, bird dogging, turn key sales, property management, construction management, financing expert, zoning expert, title expert, business procedure consulting, hard money lending, seller financing, buying subject-to, syndicating deals, 1031 exchange scout, retail sales, etc.Personally, I've set up a pretty decent rental portfolio over the last few years, that's what made sense for my investing goals and setup.