Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

For people that want to close and make it pretty/official/permitted/etc once they are owners, the question is "what is the cheapest way we can get this to pass an appraisal without the appraiser calling for a licensed/bonded/professional/whatever to fix things prior to closing?"

However, i'll likely be looking at additional ways down the road to be even more secure for a backup what if scenario.  

This also helped us in an unattended way when investing with my Solo 401k because banks treated the funds as liquid when invested in a public traded exchange versus in their fund and helped with securing better commercial financing on a deal because of the strength of our application in liquid assets.

Even large and small businesses with intangible residual services like TV, internet, security, pest control or the local contractor with remodels in process could fall behind on payments revenue contract. 

Many voucher holders are grateful for secure housing and are acutely aware of their responsibilities under the program. 

My strategy would then be to lease at least two of the renovated units, increasing occupancy to 90%, which could improve the chances of securing favorable terms for refinancing.I haven't pitched it to the seller yet.

Securing financing upfront is paramount.

While the co-signers add some security, the family’s newness to the U.S. and uncertain job situation make them a higher risk overall. 

Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution.