I prefer to purchase based on underwriting conservative performance and not to underwrite requiring low probability outcomes.  

My quick math is if I'm collecting $75 more per booking at a conservative 40 bookings per year that's $3000 in extra revenue. 

A non-involved banker friend told me that the noncompliance was overly conservative if it was based on the relatively small amount of money I transferred.

If they say no on that I would probably just do the inspection but be very conservative in your assumptions and particularly onery when it comes to the resolution of unacceptable condition.  

It isn't possible to plug in overly conservative numbers and immediately pump out 10% COC with a low-down payment loan. 

Conservatively, rent would be about $1000-1200 monthly based on our research.

The problem with a refi appraisal is there is no purchase price the appraiser can target, so they will always be more conservative and aim low.Bottom line: I would absolutely invest in a mini-split systems.

So, let’s say the portfolio value is $400k, to be conservative.

The most conservative way to break into the investing market.

Conservatively, I think we'll be making around $80-$100k/yr ($50-$80 W2, $30-$50 self employed).