And there are a couple of folks in town who are suggesting using installment contracts as workaround, as well.

@Michael Baum Thank you everyone for the suggestions/opinions.

How did they manage to grow a $250M portfolio as co-found Amy Vaughn's bio suggests off of your hard earned money?

Some quick googling suggests the answer is yes provided I don't rent it out more than 180 days for the first year, do I understand correctly?

Our agent is not an expert on this type of deal but suggested a short loan term of 3 or 4 years and a balloon payment and written up by a lawyer. 

I ain’t no lawyer (except on the Internet), so will possibly have to resort to checking with the lender (BoA) to confirm as I didn’t see anything in the contract that suggested that it closes if I’m no longer resident.James

I would suggest, if you are doing some proforma, keep it 8-10%.

I would suggest leasing a commercial space for your business first before you go straight to purchasing a space.

Thank you so you have any suggestions on resources about underwriting?

On the other hand, this phrase is often used by the likes of Uncle G (who, having an accounting degree, should really know better) to suggest claiming personal expenses as business deductions.