Also, your vacancy, management, property taxes, and CapEx (non-existent) are too low.

Not impossible either, I've had a number of tenants move in immediately from non-lease situations like parents or roommates.

Lots of non permitted work so who knows if it’s correct.

However, they can be finicky and difficult with non-owner occupied loans.You should also look into rolling the construction numbers into the loan to make it a higher amount. 

Being analytical in nature I have to fight against the analysis paralysis when looking at non-performing loans because its easy to find things wrong with them,  but that's why they will sell at a discount. 

Therefore, if you have a non total loss, you will not be reimbursed for the full cost of repairs, but they will be depreciated. 

A 2 unit property that we bid a while ago reached out asking if we’d consider the following scenario: tenant in one unit has stopped paying and is not being cooperative with showings. We’re wondering about how much of...

Having self-employment activity (with or without an LLC) allows you to setup the plan as long as you do not have any full-time non-owner employees.

If they don't follow that  process, it's my understanding that you can treat it as non-payment of rent and follow landlord/tenant laws for non-payment.    

If there is considerable equity in the property, this situation can be quite profitable, by acquiring the seller's interest and subsequently foreclosing on the non-selling co-owner for his/her unpaid portion of the expenses.It works like this, do a title search to confirm who has how much interest in the house, and get a good inspection to see what maintenance is currently required.