The PM has vetted this tenant and says their credit and current W2/Job does check out (over 700 scores and W2 income to support their story of being an engineer). 

You only need 20% to qualify, along with a credit score typically north of 660.

What's the lowest credit score you will allow?

Haven’t had luck looking to local banks/credit unions because I know I’ll get that response. 

They didn't make a fuss over the due-on-sale clause because they valued the relationship and the steady cash flow.From what I've heard, smaller regional lenders or credit unions are sometimes more open to these kinds of creative financing strategies.

Finally built out by Clark County Credit Union.

The tenant-friendly laws leave a landlord with too much risk on tenants with FICO scores under 660. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

The percentage of the projected AirDNA revenue will depend on your experience and credit score.

If you have enough properties, you can ride a tenant issue with the other properties covering the cash flow/expenses of the bad tenant--especially if you have professional tenants who care about their credit score.