:)   I would definitely recommend to set up a corporate structure - it allows you to write off all sorts of things... cars, car insurance, health insurance, life insurance, phones, internet, trips (oops...

Despite Fannie's guideline, do some conventional lenders originating Fannie loans have clauses within their own set of loan docs which would prohibit this?

Are there any guidelines I could check to see if I meet the minimum space requirements for the living kitchen?

The exception to the 5 year guideline is if you can buy a property at a discount and/or add value.

1) Clear and realistic guidelines for what they want & don't want (If you tell me find me a good deal, I don't know what that means to you)2) Decisive & Honest (Tell me specifically why you like or don't like a deal) 3) Professional ( treat everyone in the transaction respectfully, do what you you are going to do)4) Respectful of agents time ( don't ask me to shotgun low ball offers, or give me busy work with comps, that's an amateur move)5) Committed & ready to close ( If I meet your criteria & present pull the trigger & close)6) Generous (If I am rewarded for finding a great deal for you , if you start trying to be cheap & re-negotiate fees I'm out)

From the day you make the listing active, if you follow recommendations on settings, and guidelines, you should see these number: - first 30 days = 50% - 75% of optimum expected revenue- second 30 day = 75% - 90% of optimum expected revenue. - by 3rd month you will be at optimal. 

I think one of my goals getting into this is really to own health cash flow assets. :)

This is basically a refinance, so the new loan has to clear what is called "net tangible benefit" guidelines. 

If they don't use the guidelines that they are required to, the loan isn't insured.

The key issue for this 132nd edition was health.