I would then call the lenders and get all details of the loan programs, fees and time frames involved.

Some more details:  the property currently has all 3 other units rented out for 800, 750 l, 565 and the 4th unit I would occupy.

per deal to do due diligence.. and IF they fund they say they credit you the 2 to 3k.... some people have gotten funding.. many others have complained on BP that they lost their 3k plus 1 or more 650s and the deals were never good enough in the eyes of DHM to fund them...

My property management that I use has a pretty good eye for class c and b.

Thank you very much for that detailed and thoughtful reply @Ken Breeze !

Understanding ARV may take a little time and it changes as the market changes that is why you must always keep a close eye on market conditions.

Without getting into details on how the suicide occurred, I do think proper clean up is a must!

@Andrew Magoun Something that I've had to get used to in this business is having people look me straight in the eye and lie to me. 

Tenants aren't going to care about your owens corning insulation, instead say that the unit has been renovated with an attention to details, including added insulation and sound insulation.. etc.6.

Read Section 121(b)(5) for details.