My last personal residence was 5 bedrooms, but when it came time to resell it gave me no advantage.

You'll want to look at indirect things such as "warnings to residents not to leave food scraps in hallways" or "needing to replacing damaged wiring" etc. 

@Charlie Gomez Is this your residence or your rental?

I am using a local community bank that I used for my primary residence.

The problem is that our primary residence is in my name and I don't make enough working part time as a nurse to cover our primary residence mortgage and do a second home mortgage on paper.

The only thing is my regular job as a nurse I don't make enough to cover the cost of our primary residence mortgage and the second home mortage on paper.

Do you guys think that this deal would make sense or should I wait for something that I could cash flow on even with occupying part of the residence? 

It is excessive to deny a new tenant because their prior residence had an infestetion!

So we started thinking of ways we could entice residents of the neighborhood to rent rehabbed homes without the fear of not being able to afford rent and the property generates guaranteed rent role without high tenant turnover or encountering high vacancy rates.

So we started thinking of ways we could entice residents of the neighborhood to rent rehabbed homes without the fear of not being able to afford rent and the property generates guaranteed rent role without high tenant turnover or encountering high vacancy rates.