Also, double confirm your major systems work.  

With the new loan they want replacement coverage (the house is old and a money pit), so that more than double the premium. 

I am also a Marine Corps veteran (as you can probably tell from my profile picture).

even if legally you could hold the second person to the lease does that second person income qualify to double their obligation?

The deal:1987 Oak Creek 3/2, ~1300 sf double wide. 

Your picture looks like you might have played some baseball.

Here are a few pictures. 

I may come down on rent if the neighborhood has deteriorated somewhat (hopefully not, and I'll likely sell if it goes that way), or go up by double-digit percentages if I am too far out of whack in an area.

So not sure ARV is really the best metric...Cap rate even with the full rehab and acquisition costs would be in the double digits.

Now I can pick a vacant property, take a picture, grab the address and almost not even slow the car down.