@Ko KashiwagiYes, without the Triplex' mortgage, or if at least a portion of its rental income can be counted against the payments, my DTI would allow me to qualify for the amount I intend to borrow for the new primary.

Conventional, however, will allow the home to be classified as a primary residence, and for the veteran's income to be counted for DTI purposes, if only the spouse moves to the home for now. 

I suspect that the value added will not be much higher than hands off cost because there is few development costs higher than small units in small counts.   

BUT if you cross collateralize with another property you own that has equity, you’ll be able to get closer to 100% CLTV.  

We try to keep it simple, and provide examples in the guide for people that are not sure what counts and what does not.

This is definitely not the norm in this space, unless you are cross collateralizing with another multifamily you own 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $250,000

Cash invested: $65,000

This is my first flip. Came out great but still on the market. Numbers are a little...

@Nina V.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

The problem is if you do it on single family (also known as boarder income) you can't count the boarder income toward qualifying until after they have lived with you for a year.If you go multi you can count the income, up to 4 units.

The last time I was there in May I counted around 20 cranes in Midtown alone.