This is absolutely abhorrent lending behavior and was somehow approved by a committee consisting only of the CEO,CCO, and EVP.Nitya Capital is a Texas-based real estate investor founded and managed by Swapnil Agarwal.

Like others have said, a fix and flip loan could be perfect.

I am exiting my portfolio - so this is based on the proposed sale price and hard money loan... 

Find out what is realistic, what fires you up and formulate a strategy based on the resources you already have. 

The amount of rent is based on the AMI which can be found here in this handy chart:https://www.sandiegocounty.gov/sdhcd/rental-assistance/income-limits-ami/so the calculation looks like this:For a 1BR unit (2 person household) at the very low income level you could charge a max of 1/12 of 30% of $48,500 or $1,212.5 per month.Also, in the agreement that I've seen (which was for a different City in CA) there were some restrictions against students.  

Or the other likely problem - negative cash flow (the income projections aren't addressed here, and it seems highly likely based on the financing.)  

Seller is going through foreclosure process ARV: $225k-255k, based on conservative comps (A buyer had put in an offer for 235k before backing out after inspection)Capital I have to work with: $35,000Rental Estimate: $1,750/mo.

People find their niche based on the resources they have, where they live or have connections, their stage in life, goals, risk tolerance, personality . . .

If she really believes there is an environmental based illness, she should move asap.

I then hold an open house/showing for those that qualify based on the criteria.