Explain to the loan officer that the house is non conforming residential and will be used as residential .

I would stick to normal conforming properties that have small yards 1/4 acre or less.

If I keep home I will keep having rental incomeIn case I do - A.I get 500K i can reduce mortgage on my current primary home which is jumbo - so it will become conforming and may be invest some money in tax managed balanced funds.B.

Folks need to see their attorney and conform to local practice, just because you file Articles of Incorporation doesn't mean you LLC will be working as you might think. :)

Contracts Must Conform to Statutes, Ordinances, Rules, and Regulations F.

This would make it easier to rewire the house as well.5) Garage addition:  There is a 1.5 car garage with a "non-conforming" bachelor apartment in the loft overtop.  

I saw the bubble forming in '97 when Wells tried to convince me to originate non-conforming loans paying up to 10 points.

In that room, they have a hot water heater in one corner, a washer & dryer in another corner, and in a third corner a bunk bed where two children sleep.Obviously, this is room is non conforming, although the property is legally three units.

Commingling different types of contract obligations with various investor strategies, at an investor's whim, is dangerous, your contracts must "fit" the strategy to be used.I'm not saying you can't mix contract obligations, I'm saying you can't employ just any strategy (like wholesaling) with agreements that, in this case can't be assigned lawfully unless you modify your strategy to conform to the type of agreement being made.    

By the time I am done walking the property we a have a list of repairs that need to be made for the property to conform to others in the neighborhood.