Lastly, this loan would need to be heavily dependent on the actual property instead of my tax returns as I just quit my job a few months back to go full-time into Real Estate.Hey Wil,A lot of information to sift through, but honestly I think your toughest element is the 'at or around 8%' right now.

The house rents for $1200 month currently and will be able to get $1600 if renovated (finish basement bathroom, new flooring and fixtures, mainly cosmetic). 

The main thing that has held me back in the past is that my income can sometimes be turbulent with the nature fo work I do. 

I have 2 long term rentals both at 7.5% interest rates.1. estimated value: $950k, outstanding mortgage of $574k2. estimated value: $900k, outstanding mortgage of $514k#1 cash flows nicely for me at $2500/mo, but #2 leaves me at a $400 loss each month, mainly due to the interest rate.

This is a very small company just a few people, Susan the main support person may be on vacation or sick.   

If it says, “I am a professional house flipper and intend to use the loan to purchase, rehab, and quickly resell 123 Main Street for a profit,” then this is a business-purpose loan.

This could give the ability to have a better and higher appraised value along with selling it separately from the main structure (main SFR or SMF).

I feel the main goal of evicting a tenant for nonpayment is to get them out of your property.

The GIS map designates it as a single-family dwelling, but the property is clearly set up as two units, with separate HVAC, electrical systems, etc.My main question is: Would it be possible to obtain a permit to legally convert it into a two-unit property?

From there he basically went from one door to four in the space of a couple of years, mainly to due to a combination of house hacking, saving and home equity line of credits.