Are you weighting any comps based on sold date or anything?

Follow your heart, try to un-weight financial considerations from the decision.  

I've never had to a rehab to the extent that this property needs, so right off the bat, I'm guessing it'll need at least $35K in rehab going off numbers I've seen from past repairs, lighter rehabs, etc.ARV is tough to me... if these 2 units were 2 bedrooms each, it'd easily be $100K.

If you would like to learn a bit more about this there is a good primer here:MIRRThe biggest thing MIRR solves is assuming the interim cash flows are reinvested at the firm's weighted average cost of capital (WACC) instead of the project-level return.

There are lots of pros to DSCR loans (vest loan to LLC, lighter underwriting, quicker turnaround time) but generally makes sense to go conventional route until you can't anymore. 

I'll gain weight???

Thus, for all 'negative terms' there must be 'positive terms' that outweigh the negative.Buyers, and sometimes sellers, often fail to recognize this point to their own detriment.Terms to consider:Property ‘as-is’ or with inspections and associated repair allowances-Termite and pest inspection-Radon inspection-General conditions and repairsPeriod of time until closeMortgage contingency or cashInsurance contingencyWho pays closing costs-Deed preparation-Recording Fees-Realtor and/or attorney fees-Title insurance-Taxes (current and past)-Liens and utility bills outstandingEarnest MoneyContract Price(there may be a few I am neglecting as I did this from the top of my head)Therefore, if ‘contract price’ is low, which is assumed to be the case in this thread, it holds negative weight.

Whatever weight that holds... haha

The point being is that this is an example of banks throwing their weight around for additional protection and reducing risks that they have jistorically accepted in disposing of other collateral, they don't like they fact that so much money is being made from their lack of oversight, management and adminstration, they will accept profits from actual work and improvements being done, but not simply from them being inept.

BK stays on 10 years. 2004 lenders won't put as much weight on that as CURRENT CREDIT HISTORY and RECENT PERFORMANCE.You can still dispute the BK and if the credit agencies do not respond back in the time frame as verified it will be removed.It could come back on but generally they have no motivation to put it back on like collection companies do.