.), some markets are better for MFRs vs SFRs, and then no matter what your preferences are you want to be sure you are dealing with a growth market, not a declining one. 

This is without all the cap ex.I am thinking of sending a letter to the realtor and ultimately to the seller declining the final offer and breaking down the numbers for them and explaining why its only worth what its worth.

As generous as that was of her I don't smoke so I declined!

I recently had a bank tell me my dti ratio was too high and I was declined.

If the underwriter has a lot of files and doesnt want to deal with it they may just arbitrarily decline the file due to results of first appraisal rental income values etc.. so it really depends on the team, underwriter, loan officer, and bank you're working with.

The value of the property was $90K and decline in value puts it at about $80K, I paid $21K.

And I buy them in cities and neighborhoods that are growing, not declining.

Everything from granny apartments, smaller lot sizes, front porches, light rail, retrofitting closed malls, and building high rise, mid rise and townhouses next to office buildings, retail and institutional uses.The urbanization of suburbia - or the decline of the McMansion!

At least having him on the lease means you can hold him accountable.If you decline to add him to the lease and make an issue out of him living there anyway be prepared to say goodbye to you great tenant.

If they decline your offer then you have a good opportunity to inform they need to remove their items from your property ASAP.