There are several ways to qualify for a new purchase, but the current income will depend on how much is claimed on tax returns for 'full income' documentation.

Total rents at 100% occupancy across the three are $2900 monthly.I'm thinking because the financing terms are soooo attractive that it may be worth the higher risk that comes with the high PITI?

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Let’s assume you can achieve 15% compound returns.

Many investors from California are choosing to invest in the Midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets.

I highly recommend consulting with a local attorney.

- A licensed NMLS mortgage broker that is highly responsive to texts, calls and emails.- Often, a conventional, FHA.

That may backfire, and it will only antagonize the tenant when they realize no one else in the building got anything near a high a raise (see "discrimination lawsuit" exposures, above).Others may disagree, but I am with you. 

So, my question is, since I never signed the lease, and it has to be redrawn anyway, is there anything legally binding if I return her partial move-in cost? 

For others, treasuries are returning 5% passively.