What a list does and the ONLY thing a list does is  "from all the people you are targeting, IFFFFFF just IFFF they HAPPEN  to be COINCIDENTILY motivated, CHANCES are there is enough probability left you can make money...

This kind of doesn't make much sense since something under construction is not going to have cash flow - I'd check out hard money or "ground up construction" private lenders

If you're $400/mo below market it seems like there's a decent incentive for you to spend some money to aggressively rehab and get top rent.

Your providing a service not looking to make money off other

., mission-driven: want to make the world a better place OR lifestyle: prefer the work of selling a program to the work of executing it) and they are willing to stomach any difference in income, OR 2) They are making more money selling the program to you than they are working it for themselves. 

I recommend you get a good RE attorney to take a look at the lease, perhaps a bit expensive upfront but could save you some headaches down the line. 

The first option is to use the "Cash for Keys" approach and offer them some money to move out and find somewhere else to live. 

Eventually you'll run out of money or lending potentials on your own which is usually when many investors start looking to partner up.

It's scary, money is real, and you have to run your own race based on your circumstances and finances. 

Bought it with hard money and then refinanced in a long term DSCR loan.