I was under the impression that with an FHA loan you had to live there for a year for the loan itself and you could not rent out under that loan. 

I used to look at properties with a buyer mindset and was always impressed by how nice the property looked (Staging, nice floors, nice paint job, big kitchen, big backyard, swimming pool, etc.).

That's really impressive!

I contact him by phone shortly after to go over comps, during which I get the impression he's yessing me to death, only halfway engaging.

Also I want to emphasis and try to impress upon you that getting a loan is not "getting a loan"  you are purchasing a product and the interest is the amount you pay for that product in the case of a loan.  

I was under the impression that the unit was vacant.

I was under the impression that Dodd Frank prevents using rent credits?

Getting a LEAD is one thing --BUT - knowing what to do with that LEAD is something else - anyone  can produce calls from people who want to sell - that's in my opinion is the easy part of this real estate get rich business......BUT knowing what to do - what to say - in the first 20 seconds is extremely important - YOU don't have a second chance to make a first impression!

Impressive!  

So monthly gross cash flow is 2400/mo on a house we will have 65k of equity in, without having to put any of our own money in the deal.... which sort of impressed me.70LTV figure came from an estimate, because thats what ive seen all of these forums on cash out refi.