Just read this article in the dispatch detailing that, "by the end of this year, more than 10,000 residents are expected to call Downtown Columbus home, according to a new report that documents more than $1 billion in residential development underway Downtown and another $1.7 billion proposed."

@Marisa Alvarez99% chance this is a breach according to local legislation.

PROPOSED: Requiring each county to establish a program to license certain residential rental properties on or before September 30, 2021; authorizing a county to create certain exceptions to rental property license requirements; requiring each county to establish a limit on the number of rental property licenses that may be issued; prohibiting a county from issuing new rental property licenses after a certain limit has been reached, subject to an exception for certain property that has been in continuous operation as a rental property; etc.Until it's passed, it it passes, nothing to worry about in my humble opinion.

I can see in the permits, the mention of proposed use as 2-family in the past

Any feedback to our proposal or something we're missing. 

Do we use all the cash towards our first house or only put down whatever the proposed 20% would be?

What was the previous (and current proposed) LTV?

I would be very careful about "legally" working around legislation.

Oklahoma Proposes Legislation Against Wholesaling!

What you are doing now and what you are proposal are not what I would recommend for cash damming.