For a scope like yours, it typically takes 2-3 months with a solid GC, though sometimes supply issues can stretch that out.

There is plenty of supply so I would either pass on this or write them an offer that makes sense from your position.

Sure if you dont have your own 3-5% down payment then yes use DPA if you really want to buy.After going over the pros and cons typically our FTHB'ers or first time home buyers end up getting a gift or bring in their own 1-2% down + 1-3% gift and end up with 3-5% down payment and borrow at regular FHA/conventional rates (avoid the DPA program rates).This is actual experience.

So, 400k - 500k sounds like lots of money but if you wanna operate in the 300k+ entry point it get can swallowed up quick.One strategy I'd try is to be a buyer at the auctions, win a bid on a good house, close on it in cash (you should be a great deal under market value) and then get into a delayed purchase bridge loan product which will cash you out a certain percentage of the purchase and supply the rehab funds. 

Purchase price: $125,000 Cash invested: $50,000 I am currently looking for properties for a newly formed non-profit group that wants to supply affordable housing for disabled veterans in the San Antonio, TX, area.We are looking for SFH, Dups, Trips, or Quads to rehab and meet ADA standards for hold rentals for the disabled veteran community in SA.If you know of anyone looking to sell a property that might fit our criteria please reach out and give us some support for the disabled veterans community in SA.

And without getting battery backup, they really aren't comparable to your basic Elec power supplied by the power company......I.E. you have a power outage, what do you do at night?

This tells me two things: Obtaining a variance will be more difficult because there are already policy considerations in place intended to reduce density & (2) There is clearly an over supply of rental units in this area otherwise the overlay would not exist. 

Just curious, do you have a regular bank - like a Chase or US Bank or a local bank in addition to Baselane or do you just use Baselane exclusively?

You should be able to refinance with any regular DSCR loan in this case.

I probably won't supply a mini-split but a portable heater is probably necessary.