I am going for a house hack with Fannie & Freddie conventional , After my 4th offer was rejected going over listing I asked the listing agent for some additional info and they stated that for this property there were 42 showings within 4 days. 1 cash offer, 1 commercial, 15 conventional and one FHA with 9 waived inspections, 11 escalation clauses and 5 appraisal gaps.

Gave us written acceptance, went through the appraisal process, but then while rounding 3 base, choked.

Total closing costs with inspections and appraisal costs are +/- $8750. 

Once the project is complete, you determine market rate and buy out their share.Let's say it cost $60,000 to build the house and it is appraised for $120,000 after you are done (not including the land, which you already own).

I building out a reno team in the area and have a great house in Lawrence that should appraise for $160k and rent for $1,300/mont.

The only thing they are asking for is $950 for appraisal upfront with my credit card.  

Looking at the tax appraisals? 

Also, many of the multifamily listings that are a "good deal" will not appraise with a VA loan due to the limitations on a million items like FHA.I would first start with talking with a lender and getting the pre-approval knocked out.

To finance the remediation we took out a HELOC to the tune of $70k with a bit of money from insurance (another saga) ... paying $600 month interest only on HELOC.The house was just appraised at $514,500. 

Also how to use rental income from tax report or using appraisal opinion, they are all different.Wells Fargo vs LoanDepot vs AnyCreditUnion could have very extreme DTI calculation when number is assumed by the underwriter.