Meaning: if the business can function without you doing it, IT DOES NOT COUNT!

Conventional mortgages require higher FICO, reserves (money set aside to pay the loan), tax returns...just on that note, they typically won't count any income from the property rents until that money hits your tax returns for 2 years. 

count me in.

For the building materials i counted every 2x4, 2x6, 2x8, 2x10, sheet of plywood, hurricane straps, etc. and added 20% to get the cost.

Multifamily is really not commercial, it’s residential by definition no matter the unit count.

Your review count requirement in your methodology completely skews your results. 

Going to the house or owning in past 2 years doesn't count towards the rule.Have paperwork documentation that the electrician went out of business.

It certainly will limit your count but big family could imply that it is not very limiting.I would still recommend avoiding a market were council has made clear their desire to eliminate non owner occupied STRs.  

I've calculated the mortgage payment to be around $5500/month with a 6.6% interest rate and 20% down so that means the property will be in a negative $1600 without even counting capEx, vacancies and other fees. 

Can only be 2 reasons well 3 if we count incompetence by the loan officer.1.