The inspector wanted me to add 2 screws to anchor the condenser and he did check for leaks at the gas connection (the gas connection that was flagged was decades old and I questioned if was before a permit was required but city stated it was up to me to prove that it was there prior to permit requirement).

Just check the local rules to make sure you’re good to go!

You will need to check with the city/building inspector to determine your options first.

We only require a soft credit check as well. 

I don't personally care about checks anymore so that wasn't an important feature for me. 

Ask me how I know.If funding is becoming problematic, then tell him to use that 50k, and when its 80-90% used up come back for another check.

If you determine that the numbers look good, make sure to check other sites to see if the comparable property is on multiple sites that may add to the numbers.  

Be sure to check with your lender to confirm their specific criteria regarding the property's condition.In short, fixer-uppers can qualify for DSCR loans, but the property either needs to be producing rental income or have a plan to do so after renovations.

ANDAt least 5% ownerYou might want to check out this thread with sample REPS Log / Activity tracker that meets IRS guidelines https://www.biggerpockets.com/forums/51/topics/816680-real-e... 

Did you check to confirm they filed a form d with sec?