We tried to get info on the lender to ask directly but they wouldn't give it to us.I would have thought this would be a relatively quick process to do a credit check, check debt to income, employer verification, etc.current loan's interest rate is very low so they definitely haven't refinanced anytime recently.Additionally, having never assumed a loan before, anything I should keep an eye out for that might cause a hiccup? 

@Colleen Weaver - I would assume you are referring to a 5% down owner occupied loan, e.g. a house hack of sorts.

If you’re concerned you could ask for an appraisal which will take into account the value of the land, the value of the building, and the value of any rental income if any exists.

I have done a few successful house flips from complete renovation. 

I painted the whole interior of the house repose gray from Sherwin Williams .

You are exempt from the "source of income" protection though, which means you are allowed to deny an application just because they have a housing choice voucher, which would not be the case if you owned more than 4 units. 

Issue 1: I own a 1.3 ac commercial parcel in Fallon, NV which has zero inventory available and desperate for housing.

I'd be hesitant to break what is working on properties with a low base just to increase units..can/will rental rates increase on the currently owned units? 

Additionally, the costs of fixed rate seconds and HELOC's could come down from the double digits or make cash out refinances more feasible to tap equity for those with low first rate mortgage loans. 

Quote from @Scott Morris: It appears as if he runs one of those programs where they hook you on a low/free cost training and then hit you non-stop with "upgrades", and "higher levels of coaching".