Typically DSCR is minimum 20-25% down, they will utilize a proportion of the current or proposed rental income to qualify.I'd have a second look at the income for full documentation qualification as well..there might be some other ways to qualify income..including asset depletion..

What career choices would you propose for someone in my position that would help bolster my learning?

This does not imply that you are not on a workable offer, but you are not that close as proposed. 

@Ashley MadaloneI may not be understanding what you're proposing... but there is no $2M deal that nets someone $240K a month. 

Looking for other ideas, and structures that would help achieve a successful partnership.Thanks DougThat's actually a lot going on.What I think you are proposing is to have your in-laws sell their existing house, buy a new smaller house with their money, sell the house to you as the landlord and they rent from you.

Below are a few ideas to think about.Appraisal Concerns: Include a clause in the counteroffer to address any potential gap if the appraisal comes in lower than the offer price.Closing Costs: If the requested $10k seems high, propose a lower amount or adjust the sale price to cover some of these costs.Escrow Deposit: Counter with a higher deposit to ensure buyer commitment.Financing Contingency: Make sure there's a clause that protects you if the buyer’s financing falls through.VA Requirements: Understand and prepare for the specific requirements and inspections associated with VA loans.Professional Advice: Consult with a real estate agent or legal professional for tailored advice.Communication: Maintain open communication with the buyers for a smooth negotiation process.Best of luck with your sale,KC

To help you begin though, the most recent drafts of the bills can be found here: https://www.hawaiicountytar.com/The Leeward Planning Commission will hear the proposed bills on Thursday, April 18 @ 2 PM (streamed over youtube on Hawaii Planning Department's site).

As part of the Biden/Harris plan to boost housing affordability, the White House is proposing a 5% maximum annual rental rate increase for corporate landlords (or forfeit federal tax breaks).Single-family rents rise faster.

Either way, what are the proposed terms?  

Just look at the myriad of laws, regulations, and bans passed or proposed for seller financing, wholesaling, and lending in the past two years.