There are a lot of good deals on 2-4 units right now but one thing I would avoid is the few townhomes and Condos that have high HOA fees.

I know debt to ratio is a little high, but even when credit cards are paid off we still can't seem to get approved.. 

You want the agent to think of you positively and keep you in mind for the property.During these follow-ups, you can gently remind them of your previous offer and let them know you're still ready to move forward if anything changes on their end.

I would say, you may be able to get lower rates than mid 8s as my lenders are high 7s for a similar scenario but you may be tripping over dimes to save nickels. 

But generally, if the payment is always made on time, there isn't often a problem.Are there numerous reasons payments end up being late, there are.And have irate sellers been known to contact their lender after a few months and demand they be taken off the loan?

Interior has original hardwoods floors at the end of their life.

I try to copy the type of structure thats working (changing the elevation) and use those as comps when I go to use a DSCR loan on the back end to pull money backend.Knowing what strategy you are going for would help me direct in a more accurate way.

Housing providers are required to renew tenant lease agreements unless they have legal cause to non-renew (now called a no-fault eviction)Previously, all lease agreements had a start date and an end date.

At the end of the day it is $100 on a purchase that is likely low 6 figures.

The risk you run with this model though is you would risk being over leveraged since your using 100% debt, and you would need the property to have a high cashflow amount each month to cover Capex, insurance, debt service, and your normal expenses associated with the property (property management included).