I'm not sure how long you have been in escrow, but if you are having doubts, better act fast.

Can they prove how long it takes to rent a vacant property?

It will really help in the long term!

Kent - Since you're breaking even with a Long Term rental, have you considered doing MTR or STR? 

When you go to refinance into a long term loan your personal credit score will 100% matter.

There are a lot of excellent operators/syndicators out there that you can build a great long term relationship with, not only the popular groups that are sometimes more focused on education or selling coaching.

Uses the common rents on the 1007 rent schedule of the appraisal to approve based on rents.As long as you can show a .85% DSCR or above on rents to PITI your good to go on the approval.  

As long as you are buying and selling the deal on the same day, with the same title company, transactional funding can be extremely cheap.

Long story short, we ended locking in a 4.75% on a 30 FRM, got $18,000 in concessions, and another $10,000 off the last contract price. 

@Alec Jacobs downtown Beaver Falls can be good for cash flow but I wouldn't expect much upside long term in terms of rent/value growth there.