Not feeling comfortable but this is the only offer for now, please advise

Make sure you're comfortable with that as a possibility.

If your not comfortable doing so or see some troubling things I would think twice about investing there.Regarding recently remodeled properties a lot flippers in the area do pretty shotty jobs on these lower income places. 

If you're comfortable with USAA check out their options and see if it's right for you.

I have finally decided to take the leap of faith and sell real estate, I am very comfortable with commercial side of it and just learning the residential side of sales rather than leasing.My hold up is knowing which agency to sign up with to maximize my profits and success.

@Mo Muigai,You need to ask your money partner what they want/need to feel comfortable in the deal.

I would shoot for as high of leverage as you are comfortable.

Keep in mind, you'll need bids from 3 or more GCs as part of the 203K project so find a few you're comfortable with.

The bank can / may approve you with this contingency if the debt to income is too close for their comfort.

If at worst case, and if i was in a shoes where I don’t make enough, i would be up front with the landlord about the fee and ask if i can get it waived for me to go through the background checks.