The rents can only be counted once you have a lease agreement executed and in some cases deposits in hand.

You will be doing all these reno just to make $30k/$50k in equity if all goes as planned.... 10% of the ARV, plus I am not counting holding costs, that would eat up all your equity that you made on the flip. 

I have recently been told that a property owner can qualify for a conventional loan (which requires the owner to occupy the property) by maintaining an office on the property. For example, a landlord owns a duplex, an...

But hey, every click counts.

I can always count on the wisdom of the Bigger Pockets Community!

Sam Josh what neighborhood and what bed bath count?

However, we did brainstorm the following offer scenario:Owner-financed at $140k @ 5% APR with 3% down, plus $10k rehab (so ~$15k out of pocket) based on the assumption (and negotiating angle) that it would have to be switched back to a 3-family (and therefore we only counted 3-family rents).

In this basis, a down payment made by the buyer would count as income in that tax year, and the same can be said for the payments. 

That should be counted in your vacancy rate. 

The # of financed properties count against you if you are personally obligated.