I don't have an investment property yet and I'm actually, technically, in the negative about $2000 from "Real Estate".... but I am absolutely thrilled about that, and here's why (and spoiler alert, that money didn't go to a guru!)

But that might be part of the issue.If there aren't technical reasons to keep the wood shake roofs, you might have to work with the other owners to vote out the current board and replace them with people willing to change the rules.

I was curious if banks or loan companies would still consider this residential, since its technically has 5 units?

It sounds like your account is being sold to Renters Warehouse so technically your account will belong to them once the transition occurs so the terms of your agreement will be key in how you terminate.

So technically, in this scenario where I am only looking to borrow $300K of private money, I would be able to pull out $450K to pay back the $300K I borrowed.

Well, technically I believe so. 

That (s) is significant because technically since you only used $210K on your first property, you still have about $470K VA capability that you could use on an additional property. 

Technically, no.

Just open escrow and close as normal.. title company will send for a reinstatement figure you put your downpayment they reinstate for you all is good.Not sure if this will trigger the Alienation clause or not.. technically it does but that's at lenders discretion. 

My question is if my mortgage on the property is say 350 and it's renting for 550 won't I technically be negatively cash-flowing due to the probability that the 40% cushion initially factored into the deal will probably cause me to have to put a small amount of money in monthly?