The units I am renovating are 3 3 Bed / 1 Bath units, about 1,100 sf each. 

This gets your ratios in line with our guidelines.

Any agent you are hard line negotiating with on commissions deserves you as a client because you are probably one of those sellers who are smarter than the agent.  

Why would anyone pay for that one line?

There's a monster under the bed! 

Off Cape, if you're rehabbing a home that's likely to attract a family with school-age kids (3-5 beds, 1.5 baths or more), you should aim to have the sale closed by September 1. 

A real fixer in an area like that might be cheap enough for you to buy in cash and then use whatever short term credit lines you have available to complete the rehab.

you can, you would have to pay back the mortgage company the money that was borrowed. reverse mortgage is a lien on the property for the money that was used. almost like a home equity line of credit.

Got a duplex with one unit Section 8, month to month and in Indianapolis Max rents for 3 bed in Marion county was about $1,200 when I searched online,  though that seems not to jive w what you are experiencing   

All are 3 bed 1 bath.