The bank won't transfer the mortgage unless they know you are fully qualified to handle it.

Thanks  There ARE continuity of obligation rules that your subject to since you're considering a refinance and you're not Obligated on the current underlying mortgage (subject-to mortgage from seller).The rule states that if you dont qualify for one of the rules under COB that your maximum LTV is limited to 50% LTV for all refinances within 24 months from the date of acquisition.

I intend to qualify as a REP as I have no W2 income and handling the purchasing and managing of my investment is technically my job now (i do have a handyman as I do not live in the state where my property is, I do all things related to the property other than on site repairs). 

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Google SBA loans and read what is allowed.Probably has to do with 51% owner occupancy and what qualifies.

DSCR would require rental income to qualify. 

We use 2 applicants of how many in total, to qualify for the home.

Like Ben mentioned, there are different factors to determine who in this scenario would have capital gain, and the amount if there's depreciation, and if any qualify for the primary residence exclusion. 

Transforming SFHs into multi-units and targeting 2-4 units for value-add potential is a smart way to build your portfolio, especially if your goal is to qualify for larger loans down the line.If you're aiming to hit the 5-unit mark and unlock better financing options, here's something to consider:Leveraging BRRRR Strategy: You’re already thinking about the refi route, which is key.

Another question is whether these properties are being repriced to their fair market value and how long it might take to find qualified tenants in this area.