What was your DOM before you accepted this offer? 

This truthfully offers no additional liability protection.

The way I interpret it is, if you as the landlord pull a credit score of the applicant, you must then ask them why it is what it is...seems like this pertains to past evictions and other aspects as well...the ordinance does not clarify what type of 'additional information' and 'history' would categorically allow a landlord to reject a tenant's application

Converting to a 2 bedroom and studio may be possible, but is all additional cost on top of structural concerns previously mentioned.We do not have a lump savings to cover the cost for this rehab.

Was your tenant offered a preliminary inspection during the two weeks prior move-out as required by law?

In addition there are a wide range of grants HUD supports in most cities to improve a property to rent to low income people.Perhaps the best decission in looking at section 8 and low income rentales are the larger assets of using the contract incentives and special financing programs that only exist to those who provide services and employ your tenant that you could benefit from.

Make a reasonable offer on the spot.

Many portfolio lenders offer 30 year terms for multiple family.  

That is, homes being offered for less than what was paid for them very recently. 

So I started trying to get creative on how to create a win-win-win for all.Here’s how it went down:I got the sellers to agree to an asking price of $180k, a full $40k over what they originally wanted.In the offer, we included a seller credit of $34k.This strategy allowed me to cover the extra commission for both the buying and selling agents and ensure the seller got exactly the cash they wanted should they have sold it at 140k.With the seller credit, this reduced my total out-of-pocket expense to just $6k.I used a commercial DSCR loan product with a local bank.