I live and work across the state so Id be more than happy to help answer and specifics on in-state residential financing!

I invest in multifamily syndications as well as residential properties.

However city is imposing a good amount ofimpact fees based on the bedroom count - which accounts to close to $40 k , which i cannot afford- Ibought the house for myself to reside and cannot afford to pay this.We verified with city prior to buying and theyconfirmed it is residential zoned , however never mentioned about any impactfees.It is residential zone - MLS shows it as 3 bedroom 2baths - it had a extra unit  in the back and also a inbuilt rolling bed on 1st floor for the main I am stuck here- they are asking to prove it was usedas a residential -ever - any guidance would be appreciated on this.

I have some experience with construction as I have worked in commercial and residential construction a little over a year, so I was thinking of doing a lot of the renovations myself.

Curious about the potential of residential multifamily (2-4 units)?

Also, in many residential areas, residents want year round neighbors not tourists; so local pushback can occur there too. 

I'm a direct lender for residential investment properties.

Is there any chance of getting a residential loan on this?

I'm a construction cost estimator building my real estate network, and want to offer my experience to the BP forums.I've spent 3 years in residential estimating and 5 years in commercial estimating.

Perhaps it is different when it comes to commercial real estate versus residential, but if you are going to renovate a SFH or even a MFH, you wouldn’t pay more for it because you plan to improve it - if anything you pay less?