does it work that way or do I have to adjust some sort of deal with my lender?   

It's cost prohibitive to remove in most cases, but exterior siding is arguably one use where asbestos sort of made sense: Noting eats it, it doesn't rot, and it's non-friable. 

You will see all sorts of opinions based on everyone’s individual experience.

Just ranked number one in the four "Sort By's": a.

You can look on Zillow/Realtor/etc for new construction in those subdivisions and call those builders and try to sort out their acquisition criteria.

She sort of fell into my lap as a possible tenant before I had really established my renter qualifications and I did it all wrong.

Lenders want to see some sort of skin in the game, varying from about a 3-5% down payment minimum for an owner occupied home

My biggest question is how I can finance a rental using a private investor but still get them there money back without having to do a long term “mortgage” of sorts??

for example, if you are just a hair away from being able to qualify to finance a purchase (FHA), but the rents are at 1000$ in an area where it can eaaasily go for 1800$, (and all month-to-month) does that count for something?

These sorts of "subject to" deals are more "advanced/complicated."