you can likely buy a small multi in a great neighborhood and (i'm making this up) if it has a 4 BR and a studio, you live in the studio and rent out the 4 BR.

If you have a plan A and a plan B going in you are setting yourself up to fail right away because you have told your minds already it won't work so you won't put your all into plan A.

If you are not selling it then put a “not for sale” sign on it and a no trespassing sign.

The appraiser will provide a rent survey and a rental amount that will be used to structure the loan- more on that below. 

Here, once you have an account and a bit of lending experience, you can access the online, fill-in-the-blank templates to create your own set of documents. 

A master lease to the organization structured with an annual escalation clause and a term limit - like up to 5 years - was a recommended way to get a contract. 

About a year and a half ago, the new construction all but stopped. 

If this isn't clear enough, one could survey the other bank loan officers and see if the other doctor notes included this term around the year the loan was written, if this is one of only a few outliers which they threw the term in for, then any jury would likely conclude it was unnecessary and the power of attorney would make that void... but they as you say if the bank makes all the rules for their conventional since it's not "conforming..." then they could call the loan due and as you said the refi would be needed regardless. 

Yes, sometimes there is big buys or whatever and a bit of a balance is carried but I NEVER, N-E-V-E-R get cozy with carrying a balance, paying at minimum or holding a financed balance for 90 days or more.

I work with several investors in the area. and a deal for one will be different depending on what you are looking for.