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.

I’ve learned that credit lines still open is a good look, not so much with loans, they weigh down my score.

If work comes up then you have 40% each month extra to pay off a credit line that covers the expenses. 

There is zero impact on how much cash flow your equity is buying.The bottom line, and most important factor, is not how much cash flow your equity buys but how much cash flow the property itself generates without equity.

If you're ever up in Tokyo and would like to talk real estate, please feel free to drop me a line.  

Ultimately we are searching for products with 30 year ams and relatively competitive rates.

Why not ask, just do 50/50 split for 6 months...or something along those lines.

@Christy Wright Like the others said, there are some great Fannie and Freddie products with 30 yr amt.