If it is zoned SFR, but it has two individual addresses, then it is probably a non-conforming use duplex.

Make sure the property you have is conforming or legally non-conforming.  

The massive list of info that they need from you is also apart of the "conforming"  mortgage market as Fannie Mae and Freddie Mac require that info to purchase the loan on the open market (which don't forget is why mortgage rates are so low).  

If you're looking for more "exotic" (non-conforming) financing, look at credit unions, smaller community banks, and maybe a good mortgage broker. 

Learn instead how to make your budget conform to the deals that are worth having...:)I think I smell a blog article coming - I'll reference this thread, if it's OK with you

I'm assuming both programs are similar conforming investment property loans from banks or mortgage companies, so the guidelines for you qualifying would be the same.

Zoning is telling me the property has lost it's valuable non-conforming use status as a commercial childcare center because the property has not been used as such for more than 12 months.  

Our absolute limit of liability is 8% of purchase price to conform with GAAP rules for a sale, which is a very important benchmark.

In order to advertise it as a "conforming bedroom" then it has to have an egress window.

I have done flips where i had 50-60% equity positions after repairs and they would have come in at about 1.4%.I would argue that every market that has properties that conform to the 2% rule has been depreciating for the last 20 years.