When I went to see what was wrong, it turns out that she tried having the heat on in one room and the AC on in the other which won't work since there is only one outdoor unit. 

Seems like a lot of wasted indoor and outdoor space. 

You may need a much larger budget to buy and close on a property let alone renovations and furniture. 

I need to cash-out 75% LTV to have $ for future projects and furniture. 

There are also bonus depreciation from from Furniture, landscaping, or appliances that can also be applicable. 

Outdoor wiring is usually pretty beefy and not intended to be strung across a lawn (you would bury it under those conditions)Was the wiring in a location that made it venerable to yard equipment?

We wanted to add to our rental portfolio while also in need of a bigger house due to our growing family.The thing we really love about the house is the huge, well taken care of backyard that gives my family plenty of space for outdoor activities.How did you find the deal and did you or the agent need to do any negotiating?

With a 3 bedroom house, moving all of that furniture again is not something renters take lightly.  

Yes this is high but it is not what the sellers will tell you.I am making the assumption that the house is fully furnished to your likeness with all bedroom, pool, living room, game room and loft furnitures. 

Do they want it furnished or likely have furniture?