The question that you need to ask is what is the 10% increase that is allowed based on? 

Quote from @Andrew Steffens: I have no idea who that is hahaI have seen an increase in this (like everyone else) because Airbnb spoils guests. 

In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.

The garages will have 3% increases year over year once leased.

assuming you use all cash - and setting aside closing and holding costs for now - you're in for 150K. 

The fees and overall costs of these loans needs to be a key factor including what if the project goes over time . . . . you can be underwater in no time.Underestimating repair costs and overestimating ARVs based on Zestimates are the next stumbling block.There's money to be made but make sure numbers all work WITH contingencies defined and overages expected . . . remember, a project will always cost more and take longer than initially thought!

You can expect turnover costs, losses due to vacancies, and other expenses.

The median home value in Phoenix as of April 2023 was $368,657, which is a 23.5% increase from the previous year. 

Your question asking for detailed loan estimates from multiple lenders at the preapproval stage with  "exact cost to close" is very problematic. 

@Tony Thomas So, is the seller increasing their sale price in exchange for a 0% interest rate?