They said that kind of project would basically convert the property to an apartment building and requires R6B zoning.

Hello Scott, developers require a minimum down payment of 30% and the balance in  to 9 months in a pre construction condo.

And we typically only get 4 to 5 snows a year that require the drives to be plowed. 

It doesn’t require you to disclose any personal information. you just have to have sufficient assets for down payment and closing costs usually starts out at about 20% down.

local ordinance requirements for your property?

It requires a Roku TV and WiFi.

I do have a 10 unit portfolio that is subject to but would require 100k entry fee.

Mike, My recommendation would be during due diligence for a potential purchase, ask for past 12 months of all utility bills, property taxes, and any other municipal requirements like rental permits, occupancy inspections etc. 

When I did an online search for commercial multifamily lenders, most have a minimum lending requirement of $1M and I don't need that much. 

My firm goes to 75% on a cash out, as long as all seasoning requirements are met.