@Sathish SekarI have a 5 flat, (financed as a 4 with a non conforming basement apartment) that I refinanced as an investment property because it had appreciated to over 20% equity.

@Jackson Pontsler - There really isn't a case to make, DTI is a conforming guideline and you must meet the requirements to get a conforming loan. 

Are there any lenders that can provide a leasehold mortgage that is also a conforming mortgage for a project in San Diego county?  

With conventional financing (which conforms to Fannie/Freddie guidelines), most lenders are limited to 75% LTV for cash out refinances on 1 unit investment properties.

For a "conforming" (fannie mae or freddy mac backed) loan, there is a 6 month minimum ownership requirement.

We bought at the right price, were able to get legal non-conformance for use as a tri-plex when only a duplex was permitted and will improve the property even more by painting, re-exposing original architecture, adding laundry facilities, and increasing the rents to market value.

legal conforming 2 family house

After he conformed I had no balance.

The difference is in the kind of representation you get.A sharp buyer's agent would never have let you pay $500 to get the seller to conform to the contract terms - or let you present an offer with the 3-day overstay, unless there was proper protection for you. 

If you do, don’t waste time trying to get your current PM to conform but find another ASAP.