My leasing agent thinks the applicant is fine and I’m a little hesitant so would greatly appreciate any thoughts.The property is a nice 3 bed / 2 bath built in the 2000’s in what is probably a B location around Atlanta and is currently renting for $1,100/mo.

Step 1 is ALWAYS downloading your state and local LL/tenant laws, putting them in a three ring binder and reading and knowing them.Step 2 is taking Fair Housing Training, either on-line or in person, so you do not violate the law and get sued. 

Here's the link to that page https://www.biggerpockets.com/files/spreadsheets/c...Click on the File Topic line and the BP download page will pop up.  

For this reason the property price "should" be in line with rental rates.

Should I budge some numbers around to make it work or continue to stick to the line and wait till a deal hits the mark?

I'm 34, married, and have 2 kids, we've always kept our spending in line where we can live off one income. 

If things aren't in line - it's ALWAYS OK to walk away from a property. 

I have a client who owns a commercial building outright can he take an equity loan against the building or equity line of credit to buy a residential property?

My best guess, given that the subpoena went to his mother, was that it had something to do with how he was lining up investors for his deals - I'm guessing that his mother was an investor.

I spent 30+ years in Washington State and have had some involvement with DSHS (although not with housing).My advice to you: 1) Everything the state does takes three times as long as it should and three times as much paperwork as it should.  2)  You will probably have to attend some indoctrination -- I mean class -- either on-line or in person.  3) Your tenant will be endlessly "educated" on their rights and will have free legal representation. 4 ) Just when you think you know the rules and try to play by them, an administrator will come up with an "ETR" -- Exception to Rule.