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.

DSCR would require rental income to qualify. 

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

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.

You'll also be able to directly push qualified leads to your CRM.

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.

Just ask a qualified agent that gets done at those price points what they charge and add it to the sales price, and the buyers side too.

Once you qualify for REPS, your current losses are unlocked but your past suspended losses remain locked.