Quickly becoming more expensive than national housing average, the areas closest to major employers and the airport are in the 600-700s easily now. 

It will have everything required and you can add on to it based on your experiences. 

Hi Alexander, On a full documentation loan, lenders will allow up to a 95% combined loan to value on a primary residence assuming income is strong enough to support your debt to income ratio and reserve requirements are met. 

You want to do a return on equity(current in 2024) to evaluate it as an investment.Return = Annual Cash-Flow and appreciationEquity = FMV less debtThen compare this to what your required return of an investment is along with returns you can get on other investments.If your return is 6% but you can get 8% somewhere else, you may want to consider selling it.Best of luck.

Their credit score is also slight less than the minimum credit score required to qualify so I can reject them based on those grounds. 

The owner showed you a p and l that didn’t include all expenses, or include scheduled income instead of actual income.  

This approach required minimal additional investment, maximizing profit and demonstrating Partner Driven's ability to enhance property value through strategic actions.

A painter once refused to use the paint I purchased because it would require more coats than the paint he normally gets. 

Then consider if there are actual real upgrades that would require them to vacate.

Check in with him on the mortgage side first, there are a lot of creative income programs currently, including a P&L statement for entrepreneurs which could require less down..Good luck!