Obviously, that time period is unknown but if the deal is good enough it could be workable especially if this is a multi-family property where other units would carry things until her unit frees up.

I'll surely try to negotiate with the seller to get a workable solution for both of us.What is the best way to obtain an answer from the city in such cases?

We have someone interested (hasn't seen or applied for the place yet) with a Cleveland based cosigner which would be workable since partner has to drive to that area for work regularly. 

Wholesalers tend to be a good resource in the areas I buy when I can't find any workable properties on the MLS. 

A few DSCR lenders will do these refinances with a minimum loan at $75k so should be workable

Combining forces with another investor is probably a more workable solution.All the best!

I live in a small rural town with very few investors buying. I’ve started looking at other markets (specifically Grand Junction and Colorado Springs, Colorado) in hopes of building up a small wholesaling business. I’m...

I have also written about the historical favorability and workability of current US mortgage lending options.

Non-QM has options that will qualify you on bank statements which are typically workable for people that have their own business, but also "DSCR" loans which qualify based on the income produced by the property and are ideal for this type of situation (long-term rentals, no value-add). 

The 1% rule is the ubiquitous rule of thumb that is most commonly discussed in investing circles as the "quick and dirty rough guide", and it will work for many investors.I'd venture to guess that the 2% rule would work for all investors, since a $150k home that generates $3k monthly in rent would be spitting off an insanely favorable amount of cashflow.Ultimately it all comes down to what makes an investment workable for you.