I have seen properties show up as far as ~$50k lower in annual revenue than in realized income, so know that the numbers aren't always perfect!

The acquisition price and scope of renovations aligned perfectly with our strategic goals.

This is the perfect situation for this.A third question would be, "is this his only property, and if not, are the other properties also paid off?". 

Like Brandon mentioned - you sound like the picture perfect classic "DSCR Loan" borrower - dscr loans are made for exactly this typically - LLC friendly and usually the best fit for when investors hit the 5 or so property mark and hit a roadblock with banks, cash etc like you desribed.Check out this 12-part article series published here on BP on all about DSCR Loans, hope it helps!

Are you looking for near perfect credit, or are you open to some dings? 

Homes rarely sell as quickly as their owners think they will, even when the owner is sure the home is priced perfectly.5.

There's no perfect software out there.

If it were more than three years ago and everything else on their application was perfect, then I would consider it.However, I've never seen that in 15 years of management with hundreds of rentals and thousands of applications.

Wholesaling as you said is perfect, instead of trying to build a following of people who trust someone your age/experience.   

Vegas is a perfect example U can buy a 400k rental there and in many  cases the taxs will be lower than say a 100k rental in Jackson MS.