Tell the investor/buyer its only for a year and then its sold back to youI would hate to see you lose it or sell it at a huge discount because something couldn't be done

Owner Occupied  will allow you up to 80% cash out.The risk you run is --1) The new appraisal Sucks...so get smaller loan than planned.2) That loan is treated as a Cash Out so you pay small premium over the purchase pricing for the Cash Out overlays3) Purchase of a 4 plex allows a 80% loan ...refinancing it only allows a 70-75% cash outMy two bits worth discounted for inflation is now only a penny................

The analysis is based on getting just under a 20% discount off list or $120K.The property currently only has 1 tentant and will need about $4000 per unit to paint, update the kitchen and re-tile the bathrooms.

What helped me tremendously when I was your age was getting a job so that you are able to show that income to your lender and get pre-approved once you are ready to buy. 

I understand that you're trying to control this property, however I don't know if you desire to buy equity at a discount or cash-flow at a discount?

Reasons to structure offer with seller credit for closing costs in Lieu of discount off list price This is simply a Paper Credit.

How is it possible to buy a house at a 35% discount to the ARV in a tight/large metro market?

I live in San Francisco Bay Area market which property prices are tremendously high.

The discount rate should reflect market conditions.

If you have other properties on your portfolio I would give your other tenants a discount on one months rent if they refer you a renter.