Depending on if your grandmother has lived in the residence long enough and meets other requirements of IRC 121, as well as the amount of the gain, she may avoid capital gains if sold during life as well. 

I have no desire to mess with the stock market and every desire to renovate distressed housing as my new dayjob in South Carolina, since I already work construction (total passion of mine) and have a lot of carpentry skills required for building sweat equity.

We overlooked a detached garage (major turnoff for buyers in our price range) and a chimney which required significant exterior and interior work (to the tune of $6000) that was found on inspection.

And saddest part is it's exclusively and wholly due to regulatory/political actions (ie manufactured/self-inflicted stupidity)      For those not in the know, it's worth a read the far too long list of insane anti-landlord measures recently into effect.

For example, a light documentation program would require less debt-to-coverage ratio, but the rates would be higher (7-10 right now).

I have some ideas (visa requirements, acreage, zoning (what it allows for), a section for expenses/upkeep, the amount that everything put together breaks down to depending on the number of people buying into it) but hoping for more specifics on the actual property analysis/numbers side of it since I don’t really have much experience and would need to be able to explain it to someone to help me create the sheet. 

LeaseGuard and others have had a higher unit count requirement so we could not access it as a smaller self managed apartment. 

HOA are increasing tremendously due to the amount of repairs/up to date requirements for the older condos.

I would talk to some other lending options - a 3 year prepay is far from required or forced on DSCR Loans - there are some DSCR Lenders that will have lower prepayment or even no prepayment penalty options as well

Asbestos, given its health risks, requires professional assessment and potential removal or encapsulation, with costs ranging from $1,500 to over $30,000, based on the extent and abatement method.