@Phil SheltonYou would need a civil engineer to provide a drawing to get submitted to zoning and get a permit if it passes zoning is most common This also depends on the road - if it’s a state road forget it as it will take a year to get approved and cost a fortune - if it’s a local road process not as cumbersome but don’t expect this to happen quicklyIn some instances you may have to prepare sight distances etc to make sure it’s safe to add a curb cut

They will sometimes have a few of the more common types of amenities, and may or may not be professionally managed.

Bit of a wild situation here, at least to me and my lender; maybe it is more common than we think, not sure honestly.

Have a scenario to run by everyone:My wife recently received a job offer in which she would make a lot more money, but we would have to relocate.  

There's a specific forum for House Hacking.You'll want to spend some time reading through there as it's a common topic.

I would make sure that in that scenario you're hitting your ROI expectations.

Do some scenarios to see the impact on your cashflow. 

@John Lasher I didn't, but you're right that it is a common path. 

Seller is understandably getting really upset, because what the bank is asking for could take weeks and we were already supposed to have closed.Any adviceAloha Leah, this is very common as the other lender stated above.

Thanks Dennis, I think you're right that planning for a more conservative return would be a good idea.I re-ran my numbers at an even more conservative level:Lower ARV: $800,000Lower income levels (I'm assuming it will take a couple years to get up to full potential income, but giving myself 3 years was a conservative estimate):Year 1: 50k (NOI $1,000)Year 2: 80k (NOI $31,000)Year 3: 100k (NOI $51,000)My ROI numbers come out to:1% (year 1) 46% (year 2) 76% (year 3)This scenario seems like an acceptable risk to me, when the upside seems far more profitable.