You aren't my client, but if you were then I'd invite you to double down on that bet, it sounds like there's a strong case for you being right.

For those who do not meet these requirement, automatic double security deposit and/or a rock solid cosigner who lives locally, owns their home, and has squeaky clean credit.   

And once you renovate and potentially double the value of the property, they're going to go up.What's the $50 "other" income?

Plan for 10-12%.Tenant should be responsible for lawn care at a SFR.You're missing Insurance.If you're doubling the value of the property, you should expect the taxes will go up.My guess is that you cash flow ~$150/month for a CoC ROI of ~6%.

(Typically doesn’t happen, but with everything goin on in the market, would definitely be something to double check)You could also try partnering with someone that does have proof of income and pay them a fee or give them a percentage of the equity, in return for their contribution. 

The house is located on a large corner lot with double entry What made you interested in investing in this type of deal?

For example, there's a double on the market right now for 125k that has comps worth 400k but it needs everything with no utilities on.

My first deal I did with $17K and more than doubled my money!

My goal was to double the number of units I own in 2020.

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