If you use a DSCR rental loan it could be as low as 3-6 months of time seasoning required so it depends on what product you're using to accomplish the mission/goal.The time frame isnt a legal requirement, its a financing product specific requirement as a guideline to obtaining the money in which you seek.If you had other scenario related questions feel free to mention them below or via DM.

Separate checking accounts not required, but you need to maintain separate books and records.The TREC requirement is correct, but odds of enforcement seem low.

My employer never had such a requirement.  

Requiring an application prior to showing would never work in my market.

However, while speaking with a company who specializes in Va assumptions, i was told that with VA is possible to assume For investment purposes and there’s no residency requirement.

IF you were to renovate a non-conforming unit, that unit would now need to be brought up to code.When or if you rent out the unit, you, of course, run the risk of the tenant calling the city and saying the property isn't up to code, which would, in turn, cause an inspection by the city and likely result in some violations that would require you to bring the unit up to code.These types of units are ALL OVER the city of Chicago and be rented out on a daily basis, but there is still clear risk associated with renting them out.

I sold a property last year that required the owner to get a certificate of nonconformity to be a legal two family.

And I will state different jurisdictions have different rules, processes, expectations, etc.In my area you are required to have a permit to swap a water heater.

Aren't they required by law to display these items on their vehicles?

We need an experienced deal sponsor to meet Fannie Mae requirements as well as net worth and liquidity requirements.