I feel like the real reason I was called were the bullet holes as the ceiling was fine.

Tons of fines from the city in the interim Cant sell the property after the 2nd renovation because its terrible still.

They often don't have enough credit history to have a credit score, but if there is no bad credit history, that's fine with me.

I’d be fine kicking the can down the road but it looks like the company wouldn’t allow me to do that.

This is not a great deal for a first deal or house hack885k purchase price30 year 3.25%3.5% down is 30,9751,500 insurance23k taxes700 pmi6,458 monthly payment7300 is the mostly rental income, not accounting for vacancy or anything.5850 if you live in the one bed. so youll still pay out of pocket which is fine. but can you support the monthly payments if you have no tenants?

In MN the Hoa actually owns the lakefront of my property because they want to ensure equal access and avoid any environmental Fines.  

Renovations we're poorly done, city fines, monthly repair bills, apparent negligence in screening tenants, then the vandalism incident that will cost me 20k.   

This is how you might be able to BRRR...Projected rental income: $172,800 ($200x12X12 + $144,000)- Expenses (if they were to remain at $72k) = $72,000NOI = $100,800Let's assume it appraises at a 6 cap, the ARV would be $1,680,000.Max LTV on new loan is 70% = $1,176,000 (assuming DSCR is in line)$1,176,000 - $700,000 (orig loan amt) = $476,000 but then subtract the rehab + loan fees for both loans.If you can fine tune the numbers with actuals and with some input from a property manager (as there are many variables here), we can clean this up but this is conceptually how I would look at it.Hope this helps!

Up to 30 years in prison and $1 million dollar fine. 

If so, as John said, you can do fine by simply making sure you have an adequate personal umbrella policy.