How to negotiate a SFH when landlord says its a business

[Sean McElligott]

I invest in a college town where i buy SFH and rent them to college students by room. This gets me more money then if I had a typical family just renting the home. The houses are generally in disrepair and need a lot of work and getting a mortgage is tough because the bank doesnt see it as a business, they view it as a SFH. So if the house is worth 60,000 and needs 40,000 in reno but the landlord wants 100,000 for the home how would you negotiate that? FYI, a 5 bedroom home command about $2375 a month.