At the very least you can research the newer ones without much history.

But I doubt that, and is more likely that your niece, and your sister as a co-signer, didn't pay attention and read carefully the documents they agreed to and signed.I would say it's a bad way to start her rental history and risk a credit report stain because of cats, not to mention the trouble it will cause to the cosigner, if she chooses to just walk away.So, it looks these are the options:1.

With a 40 year standing history for the garage and roof as-is, I would look at it and guess it could survive another two years. 

I had a TX RE Law professor who once told the class “there has never been a 20 year period in history when TX RE didn’t go up in value”.  

So it seems like pretty much any city with favorable population/job trends appreciated a lot and most cities with lower price history have very unfavorable population/job trends. 

You can get a 30 year with a portfolio lender with little to no seasoning, but locking into a 30 year at 7% or so with points vs. waiting another month or two and taking advantage of some of the lowest rates in history should be a no-brainer (and I'm a portfolio lender/broker).  

Prohibits an RGB from setting longevity rentincreases.Part D: Repeals High Rent Deregulation, which allows units to be removedfrom rent regulation upon vacancy after the rent achieves a high rentthreshold; and Repeals High Income Deregulation provisions, which allowsunits to be removed from rent regulation if a tenant's income is$200,000 or more for two consecutive years.Part E: Sets the Preferential Rent as the base rent for the duration ofa tenancy, but preserves regulatory agreements that allow for legal rentincreases.Part F: Allows HCR or a court of competent jurisdiction to look back at6 years of rent history when determining rent overcharges, or a longerlook back period if it is reasonably necessary to make a determination.Eliminates the ability of an owner to escape punitive damages where theovercharges were willful.Part G: Enacts the "Statewide Tenant Protection Act of 2019" to allowany city, town or village to opt-in to ETPA and provides the appointmentof the members of the new RGBs to be done by the opting-in munici-palities.Part H: Amends the maximum collectable rent increase formula thatapplies to Rent Control units to set annual increase at either an aver-age of the last five years of RGB increases, or 7.5%, whichever is less;and prohibits Fuel Pass-Along charges for rent-controlled tenants.Part I: Reforms the personal use exclusion to limit the number of unitsan owner can take out of rent regulation, and requires the use to be animmediate and compelling necessity for use as a primary residence.Part J: Ensures that units rented by nonprofits to provide housing tohomeless or previously homeless people revert to rent regulation at theend of the use by the nonprofit, and that the previously homeless personor persons are treated as tenants for purposes of the law.Part K: Major Capital Improvement (MCI) & Individual Apartment Improve-ment (IAI) Reforms*Limits approvals to work for essential building functions and otherimprovements (e.g, heat, plumbing, windows, roofing); exclude mainte-nance.

@Thomas Humke FHA allows for lower credit score, higher dti, and low down so thats what i utilized. i got my 1st credit card the minute i turned 18 to help pay for school expenses so by my junior year i had 3 almost 4 yrs of credit history and i held a almost full time (30-35 hr) internship/job. i actually didnt end up renting to college kids as the duplex i bought came with a tenant that is a family so i didnt have to worry about breaks. get a student card immediately to help build your credit if you dont have one yet.

If there is any history of issues, you may use the phase out of R22 as leverage with the seller to get concessions (check EPA site for detail).

The prices almost always range between 250K - 450K SAR = 67K - 120K USD for purchasing and between 20K - 25K SAR (5.3K - 6.6K USD) for renting (Usually it is way higher than that but the market is still unable to recover after the 2018 decisions related to non-Saudi families) depending on the view (Inside and outside) and the history of rehabilitation.