Construction is like herding cats, in some instances unforeseen cost overruns can force a project into dissolution.

Most guidelines state minimum 1 year but in practice when these applications come in I've seen that 6-12 months with a reasonable explanation can be done easily.Now some times in rare instances with exception I've seen buyers get approved even under 6 months.

For a property of this profile they will require fairly extensive documentable property investment and management experience. 

I did interview each one extensively, however.

In our historical town, agreements were often informal and not well-documented until the county began proper recording in the 1980s.Despite extensive record searches, we haven't found a defined easement.

For instance, Iḿ sure in Congress Heights DC, you could get a property that is in distress; add value and accurately break even or lose a small amount for a short lived, precise degree of time.

I have this idea floating around to build an extension on the property or a separate ADU and finance it myself prior to refinancing, but that might be a bold move this early on in my REI career. 

I do think in this instance, you may want to try a local CU if you have an easy time qualifying for conventional financing 

However, older instances are to be considered more holistically, suggesting a more lenient approach to past financial or rental difficulties as time passes.Exemptions and Protections:Certain properties, particularly older houses that cannot easily be brought into compliance with current codes, are exempt from some source-of-income rules, acknowledging practical limitations in applying these rules universally.Landlord Liability:The ordinance provides protections for landlords in terms of reliance on third-party information to reject a tenant, mitigating potential legal risks associated with tenant selection processes.Fair Housing and Legal Compliance:All considerations of prospective tenants' applications must align with fair housing laws and other state and federal legislation, reinforcing the ordinance's compliance with broader legal standards for housing discrimination.

I have read that in some instances, the mortgage company will use its due on sale clause, so that makes me a little hesitant.