The husband recently passed away, and the wife was just a homemaker , and didn't handle the finances in the household .

Looking at the census data available for areas near the stadium, it's clear that rents and household incomes have both increased dramatically.   

We usually require credit score of 550 or better and household NET income three times the rent.

:I typically do not count student loans unless the payment is a very significant portion of their debt:income ratio.Their household income is right at about median rate. 

I am military 24 years transferred from San Diego, California to Honolulu, Hawaii with all my household goods of 14,000 pounds.  

Multiply that by an entire household.

Then I went back to the higher old monthly payment because I don't like debt and wanted to get rid of it as soon as I could (my household budget allowed for the higher old monthly payment).

. - I earn a strong income relative to my my investment- I could cover my investment’s expenses even if I received no rent, ever- I have a Strong Cash Position + Access to Liquidity:- I have the Down payment in cash (even if that down payment is 3% or less)- I have cash for any anticipated Closing Costs- I have cash for any anticipated Rehab Costs- I have access to plenty of credit and short-term financing, after the mortgage, should I need it on top of my cash cushion- If I don't have a strong financial position, I have a financial partner who does- I have a Strong Credit Score (700+)- I have or will commit a Meaningful Amount of Time to Real Estate, especially upfront- I am willing and able to DIY everyday household projects if necessary, and/or am willing and able to skillfully hire and manage contractors and property managers- I have Strong Analysis Skills - I know what a “good” deal means to me in my target market and can analyze a potential deal in 15 minutes- I have a Strong Economics Foundation- I Understand terms like IRR, NPV, CoC, ROI, and CAGR, and have a preferred way to compare investments- I Understand macro factors (supply, demand, interest rates)- I have a strong understanding of local market (zoning, easily calculate ARV, “path of progress”, etc.)If you can answer yes to all of this, then you should get going - no reason to wait. 

The following rules apply in counting the number of purchasers pursuant to Section 58-13C-202N(1) and the number of beneficial owners pursuant to Section 58-13C-202N(3)(b):(1) a husband, wife and minor children of either spouse, or any two or more of them, residing in the same household shall count as one purchaser or beneficial owner; and(2) a limited partnership, limited liability company, trust, corporation or limited liability partnership shall count as one purchaser or beneficial owner if it was not formed for the purpose of investing or trading in the securities of the issuer claiming this exemption and such entity has substantial other business or investments.C.

Research from Freddie Mac indicates that minority households and households with lower incomes were less likely to refinance their mortgages.