There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Loan products that are NOT going to be sold to Fannie/Freddie can make up their own rules.

You end up being on the 10 year plan vs the 1-2 year plan.

They were seeking secondary homes for their family that could be rented to help offset costs and didn't require an immediate or transferrable permit.

They will tear your houses up man lol.

My wife, Elsa, and I grew up in the western suburbs of Chicago, but we currently live in British Columbia, Canada.

I'm also seeing lots of homes for sale that were used as Airbnbs, so I'm wondering if that along with these numbers may indicate it's an overly saturated market, and if these are signs that maybe I should keep searching for a stronger market, or just a property that cash flows given the average annual revenue?

I'm speaking with a lawyer about it tomorrow and will bring that up. 

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

It is fair to express your disappointment that they exceeded the cost target you gave them.