There are much better options for less money available.

Compare the two options and see which one works best for you.   

While we're uncertain if we'll find another female tenant for the same timeframe, we're considering our options for the best course of action.Should we rent the master bedroom to her in hopes of securing another female tenant for the same period?

It is because they did not really stop to evaluate your specific situation and gave you a generic answer.You placed it in service in 2023, so your only option for now is to amend 2023.

If the properties you're buying are going to be investment properties, DSCR loans can be a good option if you don't or can't do an income based loan. 

The city offers a strong rental market and with affordability as well as a median home price below the national average, the city stands out as an attractive option.

What are my options here? 

Hey @Duane Bowen, you'll have several options to finance the rehab, especially that you own it free and clear!

If you want to use leverage 2-4 units probably gives you more financing options and also widens your pool of buyers for exit strategy. 

And points are optional of course!