Under that same description you will also find lenders that will approve you based on bank cash in flow, if you are self employed, rather than your net income on your tax returns. 

But I could go a little higher if the return is worth it.

He said he'd return keys to me on Monday 9/10. 

If it includes everything, including contingencies, I might hold onto it considering the market - still a risk though.If it doesn't include any of that extra stuff, I would strongly consider exiting the property somehow.Run the numbers, see what the return on your investment is. 

@John Choe, What I do with potential clients is sit down and have them pencil out their income/expenses/allowances on the property they're wanting to sell so they can have an accurate picture of what they're true income/return really is. 

The owner just repeatedly paid the (steep) fine and returned to business as usual few weeks later.

Most multi families that have the best returns (only considering anything that will cash flow $100+ positive/month on a 15 year fixed rate while still living in1 unit after all expenses ) are anywhere for 80,000 to 180,000.

In your mother's case, it appears that she has no intent to return to the home so the life estate may be defunct. 

Usually your broker provide an extensive training - you don't need any paid coaches.If you're currently with a small broker, try to switch to big chains like Keller Williams - they have excellent training.No need to pay for training when you already paid for your RElicense.I used to pay for Zillow/Trulia/Realtor leads - it's useless, almost 0% return on my money.When I switched to big brokerage, I've got so much training that it all worked.

I suggest you be the property manager to get some experience and save money.The returns and locations C neighborhood looks fine.