I would prefer to make a business plan to target a small grocery store property.

We sold a Triplex last year for $505k and a recent Duplex for $421k+/- both received healthy seller concessions and planned to be owner occupied utilizing rents from the other units to reduce their costs of living.

or should I ask for a 600k loan and lay out my plan to my mortgage  broker?

My plan is to renovate my current home, turn it into a rental, and purchase another property to live in for a few years, likely a fixer-upper.My current home needs around $25k in renovations before it's rent ready.

If "commercial" is here in a future land plan, then the public approvals will likely go smoothly. 

@Braden Jackson WOW...great plan and good position to be in.Lots of different options depending on what you want to do and I would also think your credit score is a huge determining what loan you get.#1...probably right now you best bet is to buy a 4-5 bedroom if you can and rent bedrooms.

I would say you should ONLY get your license if you plan to actively work contracts for others.

I am planning on starting out in the Kansas City, MO area.

I am planning to buy another house as the primary residence and rent my current one out.

Are you saying you would plan to rent it out to renters for some number of years before you move into it?