While this can land you in potential audit risk, I think you're in the clear here. 

And is that refinanced commercial based on the 750k total put in? 

A lot of land banks have similar offers.

Ask yourself based on your personality which investment will match better with you as each strategy is different.

While specific neighborhood recommendations can vary based on current market conditions, areas close to universities, medical centers, and business districts tend to have strong rental demand.

I would suspect you may be able to get around $5k and maybe $10k max for a loan based on the income. 

Hey Nick 👋 although I’m not an expert on both markets - based on your goal being appreciation another factor you may want to look at is migration trends.Redfin posts data on migration trends by city.

Based on the above projections I receive, I then decide to move forward with the property or look elsewhere. 

Based on the rental estimates, we would net about $700 a month in surplus income since our mortgage is pretty inexpensive.I'm looking to get any and all opinions as I want to make the correct choice for us and also want to make sure I don't screw anything up if we do decide to choose option 2. 

He doesn't seem to want to help in that department and instead provides buffered repairs numbers that are based on nothing.I will say, I do have a great PM that is always there come inspection and tells me the hard truth, but I don't want to continue wasting his time on duds.