I am looking into my first property and have been pre-approved for a renovation loan from a conventional lender.

And does Congress approve this spending?

Upon my research of the FHA loan and the house hacking strategy, I know one of the perquisites for getting approved and not committing fraud is to live in the residence for at least a year.

I know for myself and other investors they have had situations where someone in the building department says something verbally but then when you go to get the permits or approval things have changed.

JamesI work with the loan programs through wholesale lenders so you wouldn't be able to go direct unless they have a retail side.

Once the application is approved, we use Buildium to create a lease and email it to the tenant for electronic signing.

There are different programs for 1-4 units, 5-8 units, and so on.

This is required for most landlords in the city, as part of the rental property registration program.

From my research, it seems that the best way is to ensure the end buyer's funds are at title in escrow (with the clear to close) before you approve the release of your funds.

This can be a very long and annoying process and you're not guaranteed to get approved.