IF you move forward with this, you are in effect becoming a landlord and have to deal with tenant issues (e.g. showings, collections, evictions, advertising, etc.).

Its not uncommon for short sale sellers to have back HOA liens, taxes, and other issues..  

Originally posted by @Jerry Starr:https://www.realtor.com/news/real-estate-news/u-s-rental-rates-flatten-major-cities-supply-floods-market/ U cant have a million plus foreclosures that were mainly bought by investors and put into rental service.. developers building new apartments and not start to create a over supply issue.. that's just basic math.. so really depends on population and job growth in a given msa to see where rents go or stabilize or shrink.

I see red flags with this issue and should probably just deny them, but I wanted to get your feedback before saying no.

In the end the variance seems to be very rarely issued.

You would be able to get the downpayment to about 20% and 100% of the renovation would be covered in the loan on a draw basis if that's an issue.  

I have had numerous issues with the PM not fixing things at all or in a timely fashion.

I have seen many questions on the proposed opportunity zone regulations and the self-certification form.Well as of today the IRS has issued guidance!

We wanted her out due to another issue but have given her a seven day notice to cure that and she did (we are in Iowa).

If we ever get flooded out down here, the region will have much more serious issues than FEMA coming along to re-draw their boundaries!