Collyn,Easy fix you have few options first there is DSCR which requires No employment and does not look at or use any personal or business income.

Assuming the insurance premium doesn't change, the property won't meet my cash flow requirements if I have to pay for a new roof to the tune of $15,000+ dollars. 

Once the rehab is completed they do a cash out refi with a no-seasoning-required DSCR product so they get their capital back ASAP.

Zoning and requirements for cabins vary, some jurisdictions make it almost impossible to build them on slabs while maximizing the number of units you would like to develop in a plot of land. 

Jemma,Pretty much all DSCR loans will require (3) separate purchases because each loan is assigned to the property and its individual parcel.

Then it becomes a legal collection issue, requiring court to obtain a money judgment, which many PMCs do not handle.The only thing your PMC owes you in this case is a breakdown of what they spent the security deposit of Tenant A for.

If one partner unconditionally guarantees the debt, this can sometimes require some side room guarantees to that partner to ensure no one recognizes a capital gain.As a few others have alluded to, there is a secondary problem known as a "debt financed distribution interest expense." 

Without knowing more details, I would say that price is likely in line.If your wife stays at home, you may want to look to see if she can qualify for real estate professional status if she manages the properties.The requires for real estate professional status are1) 750 hours on real estate related activities2) More time spent on real estate than a W-2 job / business.

Your profits will be higher if you carefully manage what you pay for each required task.  

You don't write what state the property is in but assuming it a state that requires a legal description on the mortgage how many legals are on yours?