In regards to the Borrowers’ front-end ratio, does that figure not take into account the rent cash flow that would be coming from the additional units? 

I know a lien or unexpected issue could hinder selling the property quickly or add additional costs.

In addition to understanding ARVs I have implemented some fantastic software for my company that has all the built in metrics that allows me to create ARV reports in a snap.

My only non-lawyer additions from what I have read and doing DD on a park with LOs:No one really knows. 

It's more costly but it's very convenient for every user and more efficient if set up properly. 

I'd rather pay a PM and get an additional $560/Month net. 

Unfortunately, Jefferson county doesn't report beds/baths/sqFT so you can't use that to narrow down.In addition to the Absentee, good deals can also be found by contacting Seniors with Long Time Ownership.

There is an unpermitted addition (600 sq ft) that I can try to permit for about $115 a square foot over my original appraisal, or about $70k.

Additionally, there are 3 units in this house and they are all leased until June of 2019 - so we couldn't move in anyway.Speaking with a mortgage broker, we were advised that - if we were to use a FHA loan as first time home buyers - for a duplex it would be 3.5% down.

In addition, property management companies will keep you at market rent, screen tenants, follow fair housing laws, etc...