Did some research on my own and found according to the fair credit reporting act unless they can show a charge as accurate, complete and verified the disputed charge has to be removed. 

My end buyer could seek specific performance and sue me to deliver title that I don't have. 

A POF shows the ability of a buyer to buy, the ability to perform in the contract as it has been made.

Is that accurate?   

If you want to isolate performance down to each rental, you can set them up as separate entities and track income and expenses for each.

Is this accurate? 

The ARV will be the value of the new home...and you'll probably want to compare against other similar new construction, not renovated homes, to get the most accurate resale value.If you'll be subdividing, you can look at the project in various ways, but the easiest is to probably just count the ARV as the combined ARV of both houses, and then the expenses would be the combined expenses of both houses -- including the tear-down of one house and the cost of the sub-dividing.If this is a local project and you want some specific advice, don't hesitate to reach out to me...I know Howard County pretty well and have built new construction here...

Think of it as a business man allowing an unqualified employee to perform work that will have the business mans name on it?

The mortgage figure is accurate.  

Consider any due on sale clause filing an option.Owner occupied, have a mortgage originator qualify the buyer.Do not put contingencies in an option that require performance, like paying rents agreed, it will invalidate the option making it a purchase contract, an optionee may not be required to perform in any aspect under an option.The lease and option are separate contracts, the lease may require performance, like paying rents as agreed.A residential tenant may not be responsible for repairs, IRS requirements.On a 3 year option, it will be better if you were to pay $3,600 as seller concessions to closing costs, she must pay pre-paids under most mortgages.