As @Kyle J. mentioned it increases DTI ratio during that period but if you are confident about your borrowing capacity, i guess it makes sense to go for short-term capacity.

I have never operated in a broker capacity.

I have experience renovating, but I don't have the capacity to do it all.

If you have a good idea and/or skills and/or financial capacity, you might very well be able to find a non-friend to do a project with. 

Business & Professions Code section Section 10130 which provides in part: "It is unlawful for any person to engage in the business of, act in the capacity of, advertise as, or assume to act as a real estate broker or a real estate salesperson within this state without first obtaining a real estate license from the department..."

She could then either have the capacity to take a loan from a traditional source and buy you out, or she could let you have it back, or you could rinse and repeat.

A transaction broker provides a limited form of representation to a buyer, a seller, or both in a real estate transaction but does not represent either in a fiduciary capacity or as a single agent.Single agent is when (in FL) there is a fiduciary duty to a client. 

Credit, capacity, and collateral.

Meanwhile, restaurateurs argue, grocery stores, retail shops, and outdoor gyms are allowed to remain open (with capacity caps in place), and airlines and hotels continue to ferry and house travelers during the holidays.

As for the rental cap on your building just go ahead and ask them if they are at capacity or not, it's a first come first served basis.Tell me about your plan for getting a multi-unit