You have a choice of at least a dozen excellent REI experts here.

A main st vs an out of the way street can make all the difference 

I think that is my main issue right now is that I'm having trouble finding a lender that will count projected income from the potential rental and/or count my current rental income towards my DTI. 

Sometimes booking a good profit or sale while people are paying a premium is a good choice especially if you feel the market fundamentals are overvalued. 

The once new basement half bath needs work, the main floor 5x8 bathroom needs to be redone,  as well as an upstairs 5x8 bathroom.   

I have paid full mortgage for 4yrs. she now pays 1/3rd.Christopher, wrong choice of words.

You would also still have a fuse box, unless it has been replaced with a breaker panel.On the plumbing side, your main drain lines and stack are likely cast iron and would be 70-75% through their serviceable life.  

Looks to me like it would be marketed mainly to owner-occupiers, who won't mind the negative cash flow, because its ongoing cost is less per month than if they were to buy a new SFR instead.What doesn't look right about the report?

These ad sales are purchased mainly by real estate agents, mortgage professionals, and others who hold an interest in the home buying, selling, and improvement process.

But his vehicle of choice is a long term triple net lease aka NNN.Properties would be those owned by someone for a long time, appreciated greatly, a tired landlord who wants to sell, mortgage free.