On deals where I purchased from the MLS, I either bought after another buyer did not perform and got a better price or I tore the house down and built a new larger one in a high end area where the cost at purchase was basically my land cost plus cost to demo and where I could build for under $200 pSF and resale for over $750pSF.

But, that is not much different than your first option of buying a sfh and basically brrrr'ing it...Hope that helps. 

Those would both be items that, in order to enforce them, you'd need to give a 30-Day Notice of what are basically lease term changes. 

So basically the less problems, the better.

He basically said, "Yes, I will do whatever you say."

I had been planning to run it as a short term rental and the drive way would have made it basically us rentable.

From what I read on here the answer to my question is basically "it depends on the lender" but I wanted to start a discussion anyways. 

Tell me how you do a quick and dirty analysis and then what due diligence you do to further analyze deals that get past the basics. 

As Derek Sivers suggests, if you’re starting your career, do the opposite and say “yes” most often to create basic building blocks.

Standard home being: 8’ ceilings, avg $4/sf tile and flooring materials, RTA China imported cabinets, asphalt shingles, vinyl windows, basic hardscape and landscape, no pool.