"These properties also rent more quickly, as they usually have modern layouts and an adequate count of bedrooms and bathrooms."

I obviously could lay out the difference to bring the LTV down but I'd rather not.

A great loan officer will not look at the deal in any way except from the standpoint of this is what must be done to qualify for the purchase, lay out the game plan for you and then execute the game plan. 

Its a space filler that web guys use to see what a layout will look like.

Wrapping up getting a place near the stadium that should have a good layout for Air BnB opportunity.

If you are just getting started I would highly recommend finding an experienced attorney who can lay out your current exposure and give you a strategy that limits your highest risk areas.

While we wouldn't changed the layout much, walls would need to be replaced (demo, framing, build) as the old original walls look in terrible shape, re-wiring, doors, frames, floors we'll maintain old but refinished them, kitchen (small), and two bathrooms.

I just rented a unit in under two weeks while a near identical layout unit (with old appliances, carpet, round toilet, and plastic handles) in a sister building just across the street is still on the market and approaching 3 months vacant.

I would walk into your local community bank or credit union and lay out your plan.. those institutions are in business to support the local community of which you are.. this project could possibly have a land and SBA component as well.. 

I am amazed at the layout and organization of this site as well as the amount of people involved in posting.