Shaq doesn't get half the credit he deserves for his business savvy.

I'd estimate your cash flow after you pay the loan payment would be $600-$800, which a lender that understands investment real estate should give you some credit for on your DTI.As for a bank, I have a specific lender at NBI that I would recommend.

Am I getting greedy to ask for an additional seller credit at closing to help offset some of repairs needed?

There are many ways to attempt to collect your loss:  file a small claims complaint against them; get a judgement so you can garnish future wages/bank accounts - and the judgement will be recorded in the credit bureau. 

Once you start processing the credit/criminal, the money is spent, and you can't get it back.

After communicating with a prospective resident (Google Voice #, usually by text), with just a name, telephone number and email, the applicant can pay $55 to provide us with a background, eviction and credit check.

What we really need is a single internet "bad tenant" list to warn each other.

If my target would be low income residents, are there any grants, tax credits, or funds available to help me with the conversion? 

Bank Credit Line How did you add value to the deal?

Many community banks will give you credit for proforma rents.