At a minimum, you will need to address all potential points of entry, such as egress and ground level windows. 

After getting everything stabilized and looking deeper into the actual numbers there were a multitude of factors that led us to decide to sell.

So the bank can lend to whomever they want and that includes people with "different" income levels. 

Maybe I'm being optimistic but I can't find any reason our house won't be worth 280K+ with the 20k in updates (we've already knocked out walls and done some cosmetics in the main level- what we're after now is hardwood floors and bathrooms). 

Let's connect to dive deeper on opportunities. 

There's also a $25K passive activity loss rule you can look into to see if it may apply to you.Looks like your original question was answered but if you want to dive deeper, I would consult a tax professional.

My first time attending was Wednesday night and there was a great mix of investors and lenders from different backgrounds and experience levels.

You want to stack your lists so you have more than one level of motivation and then you have to skip trace the lists to get back the most current information for those people.

What level of success have you had with rental opportunities per month?

We use this setup plus two inhouse second level support members to manage 100 listings.