Unless he has very high income to qualify for both mortgages. 

I have also heard that he never signed on his end.

Dont want to end up in a situation where we have 6 mln and cant close the deal because we forgot to account for a one more million for  closing costs... 

I have talked to 3 other very interested potential tenants, but have not had them do application because I was trying to get information from students and didn't want the others to pay a application fee if I end up renting to students, but that may not be the correct process.    

What I don't like the most about Trenton City is the high property taxes in relation to the value.

Poverty and crime was high, people who could afford it left Detroit.

I am looking for a place with high occupancy rates that can yield a good return on cash invested, ideally around 25% or up.

Between renovations and major property maintenance (removed 4 trees that were too close to the property) I am at the end of my savings.

Hi Did you end up signing up with them ?

By conservative -  think less than 65% LTV, high Fico, and DSCR over 1.0x.