As your investors trust you more, they'll also be more flexible in their terms and requirements.Since you appear to just be starting out in this area, here's some things I would package in a presentation binderHow are you qualified to determine ARV and rehab costs? 

The majority of non-investor buyers will hear structural issues and run (even if they were fixed) so if you can have a documented report by a licensed professional as part of the package, it shows you are being transparent and that you have addressed all of the issues to make the house whole again.

If you have a hard time affording the extra $7500 for the down payment, you may have an even harder time with 6 months of vacancy and an oppositional tenant, if things happen to work out like that.Other than that, I agree with @Ben Wilkins that you shouldn't count on any pet rent income or coin op income in your #s, and with @Josh Caldwell that a significant part of this decision should be whether you actually want to live in this property (for the 5 years of the loan assistance term).I don't think the #s are going to be cash flow positive for a while, but if you look at it as "monetary assistance for a place I want to live anyway, along with an introduction to landlording" then the whole package may still be good for you in this case.

My goal would be to use 1 loan to refi the package of properties. 

3 options if you own the condo free and clear:Refinance the condo & use the funds to renovate then sellPut together a package to present to private lenders showing how much they could make partnering w/ you to flip the property.  

https://licensesolution.com/california-real-estate...They have 3 packages, $99, $149, $199.  

Smaller local banks will have more discretion and be able to "work" with you depending on your relationship with them.

I've had very good luck following my nose in when to rent to people with subpar specs, and will probably rent to them after I get their application package and run credit.

Hi @Macie Moore...one of the details you never mentioned is how much you have to put down on the package of properties.  

I was pricing out appliance packages and I found 2 appliance specialty websites that seemed cheaper than the big boxes.http://www.us-appliance.com/https://www.ajmadison.com/