I have done a few FHA shorts with Pennymac over the last year, and you are looking at maybe a month or two from application to approval, if the person handling the sale knows what they are doing. 

Pay for 2 hours consultation time from an attorney experienced in contractor real property law (if you don’t know of an attorney contact me and I will provide a referral) to understand the specific applicable laws, the risks, and potential costs2.

I already did her screening and verbally accepted her application, but my question is how to i move forward? 

3) Lastly what would happen if I applied for a construction loan application that pertained to Real Estate?

Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

We submitted an agricultural application exemption and was accepted.

Tile is far superior for this application.

Should the management fee be collected on rent charges applicable to utility reimbursement, and/or the the rent charges to account for utilities directly baked in, and included in rent? 

Where I’m at, if you list on Zillow, and you are priced right, you should be flooded with applicants for an affordable property… but the ‘flood’ decreases as your price point moves up.