Well I'm glad that you have a partner who supports your endeavors and shares your goals of financial freedom!

How much does support documentation assist with getting an approval.

Figure out how much the repairs will be, add what you want to invest elsewhere, and as long as it is less than 160k and the new rental rate can support it, do the refinance.

@Mian Rizwan1) I would refrain from advertising on social media how much $$ you have to invest!

Connect with the local metro housing authority  (MHA) (typically county)They will need a copy of your advertisement and pass it through there system to possible tenants.

Hello all,I work with a formerly-homeless population in a Supported Permanent Housing program.

I would advertise the unit and see if you can find a better qualified tenant.  

@David Kiszka, I recommend looking for a property management company to work for.If you work as a broker who runs an office doing residential real estate sales, they might let you do tenant placement or even some amount of property management, but you likely won't get the support or mentoring you need to learn to be a property management professional.

Once qualified, you can then start advertising on sites like gosection8.com and there are a few others.

In the basement you can see where some of the joists/supports are sagging a 1/2 inch or so.