We are building to HUD standards now so we do not have any issues with design review when we engage.  

.- Garage/Backyard: Yard is standard Chicago size with above ground pool that takes up most space (girlfriend wants to keep, I want to get rid of haha).

Always do a background/credit check, call their last two landlords, collect a security deposit, have a formal lease, call their employer to verify income and to get an idea of how they perform at work and be extremely clear in your standards.

From experience, I can tell you that we work with hundreds of property managers and landlords that either exclusively manage storage units or manage storage units alongside other standard residential housing.

Can’t apply same standards in every market.

Offer is the standard PA contract and has a mortgage contingency with $300k loan price.

Is it a non-standard window?

The property cash flows, but CoC is not to my standard (10%+).

Cities like Harrisburg, or Lancaster, PA are great examples with very high standards of living and much cheaper housing prices than you will find in Philadelphia or DC.

The Standard 203k has a min of $5k in rehab and the max loan (including rehab) goes as high as the FHA max loan limit for the area, which for Houston is $331,760 for 1 unit, $424,800 for 2 unit, $523,450 for 3 unit, and $638,100 for 4 unit.