I still need to do a deeper dive, but the ownership structure was one of the external factors that I was thinking about.  

Keep personal and business finances separate to create less headache.You should also do the following to make your bookkeeping easier:- File all receipts in a dedicated Google Drive folder.

Budgeting for furniture and coordinating the time to execute or hire a designer is something we try and factor into our Pro Forma or analysis.

The biggest factors, from what I can tell, are age and rebuild cost. 

From digging into real time market data and calcualting cash flow.. to literally driving for dollars, you want someone with an incredible network of pros who can unearth leads (probate attorneys, divorce attorneys, local fix and flip circles) that might connect you with a ready buyer or flud tenant.

That is another factor that a bank will consider. 

Then I get out and walk/drive around.  

I haven’t gotten a tour yet, but based on driving by and photos of the inside, it looks ready to rent right away.

Of course you have to factor in realtor and closing costs on top.

ARV is a very important factor here. 600 FICO is minimum.