Unless you are confident in estimating the renovations needed, I would highly recommend getting a contractor's professional opinion of the rehab costs.

That level of service requires a professional commitment, which is why agency agreements are necessary. 

As long as your primary residence on your drivers license is updated correctly and you fill out this new residence as primary application, it may be no problem.

You could also talk to professionals like attorneys or CPAs who might know people interested in lending.

Research contractors better Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Show up to court on time, have all of your paperwork ready, be polite and professional, stick to the facts. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@Chris May and @Eric Jones have been professional and kind trying to explain this to you.  

@David Sam Cost segregation can benefit a property under $400K by accelerating depreciation to offset taxable income, especially if you qualify as a real estate professional or use the short-term rental loophole.

Readers should seek professional advice.