Those are two separate lines.

So a brief backstory: army spouse, business/accounting background, moving several states (two time zones) away, four young children (6 and under), do not plan to work when we move (not anytime soon anyway).My husband and I only have this 1 property that was built in 2013 but will be looking to invest more down the line.

Your numbers seem to be in-line with where they need to be.

Hard Money rates are too outrageous, some conventional lenders will lend for the purchase price but not the rehab, and lines of credit are an option but it's hard to get a business loan large enough to cover 100% of the purchase plus rehab if any.So, here's where I stand.

There was a mix up in the beginning, and the previous property manager lined up three tenants, however only one co-signer.

I mentioned that I have access to an additional $150k based on the quality of products available.

I think it also locked him into using the PM for add on lines of business like using their repair services or something similar.This shows that you value the owner's business, but you want them to show loyalty in exchange for holding them in place. 

You don’t have a water line for the dishwasher or the (nonexistent) fridge, so it’s not as bad as it could be.

To give you an idea of popular lender criteria, check out https://www.11capitalfinance.com/Click on "Product Sheet" and see all of the different options just on this sell sheet to understand where lenders are in the market today rather than 2008.DISCLOSURE: I am currently evaluating a sales relationship with this company.

Can I ask the bank for the extra 40k to do whatever repairs necessary to my liking, such as on a line of credit.