What is the likelihood of approval, and what are the time and cost implications?

I know there is a new tenant protection law but the waiting time is extremely unfair to landlord.

Thanks Hey Paul,It depends on who you are trying to appeal to.For example we did yard signs for rent to own properties we had and at the time (we were just starting out), we hand wrote "Rent-To-Own - Call ###-###-####" on them and they worked sufficiently. 

There could be a strategic way to tackle a couple of these options at the same time.

My loan application was denied because my salary from my full-time job is too low.

@Troy Fisher has been able to make it out several times, and is investing out of state.

We ran the numbers, analyzed the property multiple times, and based on AirDna, and other platforms, it looks quite promising.

But given that the renovation was done such a long time ago, there are some wear and tear, like Window and HVAC, shower handle and stuff, so we have been updating those one thing at a time, and I'm hoping that this house can handle another 20 year so the $ we poured in for the new set of windows are worth it...Would appreciate any thoughts!

Now times have changed.

Yes you can make more money if you could time the market but for those who invest long term you eventually will win.