I have worked with Darlene off and on for 20 years, so she has seen the highs and lows.

Hunter,Property prices are pretty high but there are plenty of deals to be found.

I recently installed a high efficiency hot water heater and furnace in a single family home in Western PA, I called the building inspector to ask what permits I needed, and he could care less about permitting for it. 

Personally I can’t believe she found you a “high end” property that would let you sublease.

Your risk profile on this would be super high with no upside.

Banks and CU have something called "High Cost" rules which means a mortgage under $75K generally is not large enough to include or finance their hard costs plus fee's.Some DSCR lenders offer a $75K minimum after down payment but rates are usually above 9.75% even with good credit and carry a 2-3 year prepayment penalty. 

My credit score is good high side. 

Hello,I live in a pretty hot market, with very low vacancy rates and high property demand. 

You said highly leveraged but how leveraged is that?  

Interest rates high?