A lot of factors go into this. 

While turnkey properties are more commonly used for DSCR loans due to their immediate cash flow, fixer-upper properties can still qualify depending on a few factors. 

Not even Balance Sheet.I don't know if they changed their model since the change of subscription plan but it isn't ideal to use it as depreciation or amortization.They do have a balance sheet. 

If you're considering house hacking a multi family property, some lenders might be able to factor in potential rental income to help you qualify.

Its not ideal.

The cash on cash number is what I liked about it and I think the Capex will not be a big factor because of the Tenants already are there and have been there and want to stay for long term so vacancy was set lower.

A purchase of $209k, $15k rehab, and ARV of $240k doesn't get you any thing back after you factor in all of the closing costs to purchase and to refinance.

Your accountant should be able to factor that into your total cost. 

Vacancy and maintenance factors should be higher than for Class A or B.

Aim for $500/mo min and even that won't allow you to tap into unless that's after cap ex, management, vacancy is factored in.