It's basically running your numbers over a few standard deviations of key areas to get a better sense for the risk profile.

I've seen it both ways now and this company has really good reviews so maybe I'm just over thinking the details here but I want to get an idea of what is standard practice. 

Hey @Molly Ronan, you've discovered the dirty little secret! 

I discovered that the current owner has numerous complaints filed against him from tenants and it paints a vivid picture of him being a slumlord(numerous of post are saying don't do business with this guy!).

That's a great question, and I think you nailed the issue - there's not a standard definition/criteria beyond it can be rented in current condition.

Standard builders today will not put in that effort or are clueless how to hit up Georgia Pacific to get something done. 

@Chris Wharton ah ok, is this 6 months seasoning standard across all lenders?

If you’re self-employed like a lot of real estate investors and don’t have the standard tax return then maybe you could find a stated income lender.

Paying a property management fee to the GP if they are actually managing the property is standard since they are providing the service. 

My situation:Renovated a home purchased for about $166k back in 2018, and for the most part, it looks like a better home, but there were some issues discovered that I didn't notice during the inspection phase.