For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

You would need to make sure the individual has an NMLS license.

The OP was not partnering with their spouse.One told us >500hrs is the only way and the other said >100hrs and no less than any other individual would work.

You need to spend time researching and connect with the correct individuals. 

With the state of Oregon we are all equal partners individually but the properties have different LLC names.

That being said, House Hacking is such a great way to start and choosing a multi-unit is something I would have done if I can go back in time.Good news: Illinois is NOT a community property state, so getting married won't hold you back (if you want to put the mortgage in either of your names individually).Easy way for you to calculate what you'll be qualified for: (Gross monthly income) x (57% max FHA DTI Ratio) - (Minimum monthly debt payments that show up on your credit report) = Max Mortgage Payment you can "afford".

Attacking the weakest & poorest amongst our populace while younger individuals are forced to endure complex lives and can't even get their half-working brains to even see whats truly happening to the life of the one person who stuck their neck out for you every darn time you got yoir young butts in trouble!

Your only recourse is as to the individual borrower, IF they executed a personal guarantee at the time of the loan origination.   

I guess we simply continue to forge on looking for our own individual private lenders. 

@Steven Wocknitz hard money lenders in Canada don't call themselves that.By far the best you will get are private individuals who are willing to lend.