With our lenders, if the borrower refi's or sells the home they get refunded the remaining balance that the seller paid for the temporary buydown, since the lender holds it in their own escrow account.Its a dollar for dollar subsidy basically, seller funded to help the borrower the first couple years in the loan.  

I have been involved in a number of exchanges as an investor, a broker, and a lender. 

It sounds like the idea is good for more of a SFR, or a 1-4 unit rehab but my concern from a lender's perspective is the needed experience in the more 10+ unit space to give "normal" (80% leverage) on a deal like this. 

Leave bad reviews on sites he uses for advertising online. 

We’ve gone through the process of doing an application and submitting the required documents, and our lender is saying our combined income is too low, even with a significant down payment. 

I have to prove who I am to my lender, not my agent. 

Trying reviewing the lease you used, many city/town ordinances already have yard keep up as a responsibility for the tenant. 

95% occupied sorryPersonally I don't count the POH rent towards the NOI because my lenders won't either.30 occupied at $450 = $162,000 gross incomeAssuming a 40% expense ration your NOI would be $97,200If you wanted to buy at a 9 cap you'd be at $1,080,000Definitely check my math but I'd try to pay around $1 million for this.

OK, I would urge you to be very, very careful here...Certain operating expenses are paid monthly from lender escrow, so it's easy to assume that any costs not paid this way are somehow "optional."

With a good sponsor, you won't even have to review each deal.