They have all been extensively underwritten and they provide the loan servicing for you. 

Our goal with this was to provide a product that exceeded the expectations of what one might think of as typical workforce housing.

Frequently, the numbers provided may be inflated.

@Cody MillerHave you considered renting out a room to help pay down the mortgage and bring in extra income?

No clue how it takes someone 5k in labor on $300 in materials but you didn't provide enough information 

You've provided evidence of recent appraisals and repair receipts that support a lower valuation.

Does it provide easy to understand information?

They have been consistently late on payments (we’ve emailed them twice about it), they broke the lease regarding having extra dogs/cats and started a boarding business in our home which we informed them was not allowed as soon as we found out, as well as lacking in communication with them regarding things we needed to fix around the home.This is in California.We’ve just wanted to see what our next steps could/should be.

@Carlos OlivaCash-out Refi:Pros:Fixed interest rate - providing stability in your paymentsLump sum payout - one-time lump sum, which can be beneficial if you have a specific investment or expense in mind.Lower interest rates - compared to HELOCs because they're first mortgagesCons:Closing costs - higher which can eat into your equityResets mortgage term - If you've already paid down a significant portion of principal.

This may not keep a potential buyer from hiring their own inspector but if you show them the report openly at their showing and then tell/show them that you have fixed anything on the report and  on top of that provide them with your certifications there is a lot less chance of them getting squirrelly when something pops up on "their" inspectors report.