An engineer can help ensure that the conversion meets all current building codes and safety standards for residential living spaces.4. 

The Exclusions From Coverage for a standard ALTA Owner's Title Policy provides:The following matters are excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys’ fees, or expenses that arise by reason of:4.

The standard NC state offer to purchase is not assignable.

As a Nationwide lender in 47 states + Puerto Rico that is fully endorsed, there are not many lending scenarios we don't cover in house, but there are always scenarios that fall outside of conventional or standard Non-QM guidelines.

Section 8 rent payment standards has the city willing to pay up to $3,120 per 3 br unit so I used gross rent of $6,240 given rent for the furnished 2/1 unit would be too variable with partners living there as they please.Phila.gov info:https://property.phila.gov/?

I have had a couple rep me who seemed to be familiar and be able to answer questions on restrictions so I wasn't sure if this was common or standard practice. 

The ability to meet those standards are TOTALLY based on underwriting.

By the way - for anyone looking to do this, you might consider just doing a conventional Homestyle renovation loan (or FHA 203K, but I prefer the conventional over FHA), and once it's done, re-fi into a standard VA loan.  

what's certain is Fed is already in bankruptcy is they follow standard accounting practice like a bank.

Speaking of objectives, you will likely notice that their rates used to be much higher (I saw a lot of older posts with 9-11% rates being pretty standard) than they are now.