You and I have different views on this and I don't know nearly enough macro economics to have a productive discussion. 

If an owner is looking for just one roommate, and it's a nice place, rent can be $1,000/mo.Re: loan types: there are conventional loan products that allow for a lot less than 20% down.

Call and ask local realtors, act like a buyer and actually go see product in that submarket. 

I sit and research loan products for investing all day for fix and flips in New Jersey. 600 is often the minimum credit score I see for fix and flips.

Are there any cashout refi products available to her and vets like us?

In most cases those things are 80% modem, 20% router because there’s only one part of that product that makes your ISP money. 

If it is a higher-priced property that is vacant and needs some repairs or a major rehab on a lower-priced property  I will purchase a Builders Risk which also covers uninstalled materials and products on site.We went for 4 years with zero problems in 46201, 46205, 46208, and  46218 averaging 80 to 100 vacant units per year but at the end of 2019 and 2020, we have had to take more precautions.

Pretty much from Day 1, when Eddie my boss sat me in a dingy cubicle and plopped a huge book of financial statements on my desk...I knew...I knew I was about to hate everything I was going to (and forced) to do. ...I tried starting multiple businesses to escape (including cold-pitching Toyota a product idea they laughed at)...I failed at all of them.Finally, in 2016, I had cobbled some clients together for my 1-man marketing company. ...I was sitting in my cube at 7:00am...

@Jerry Agbon - it probably isn't the product Appfolio, it's more likely what your PM has set it up for owners to see.Suggest you contact them with your specific list of what you would like to see and ask how they can make it available. 

See what products they offer.