Rarely if ever do we get a call throughout the year from them.However, we had one highly qualified tenant who happened to be an alcoholic.

But those are the ones that are $25K/unit and will be in neighborhoods that are mostly absentee owner (rentals) with low-skilled workers and subsidized renters.

I would assume this would qualify for the 30% tax credit, maybe not since it is for a rental; but who knows with the current state of our government.

ONCE your accept co-signers you set a loop hole for anyone else that want's to rent that doesn't qualify.. so you'll need to let others rent with co-signers.The only clause we had for using co-signer was if applicant was a student and then we would permit co-signers.She wouldn't qualify in my standards.

I have a strong desire to earn money in an entrepreneurial fashion and utilize my skills in new ways.

Two things could happen, you convert it, you apply for permit, the city inspects it, city calls code enforcement to check on other parts of the house, decides to give you citation, then you fix that, chiching ; or, you don’t qualify, you get a citation, you are forced to fix it, double chiching.

I’m pre qualified @70K based on income and OT, but I don’t think I have formal preapproval.

She also doesn't qualify for a VA loan.

(Do a credit check and qualify them just as you would a tenant).  

Then it certainly sounds like she needs to invest in her own skill set & find a better job.