My only point is that placing an additional insured on one's insurance policy is not innocuous...it can have an impact on the owner and his coverage.

You can always buy the home using a renovation loan and tackle anything that needs renovations/repairs up front.

If you are a skilled person with some extra money in the bank and some good tradesman contacts then tackling an easy renovation shouldn't be a problem.

It is a nice way to tackle both with efficiency. 

So I have a few questions here...What is the best way to tackle a conversion like this from a finance side?

@Jerryll Noorden when it comes to ranking and SEO and such how would you tackle this?

As Warren Buffet has said: " When management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact." 

Local banks can get over the experience portion for stabilized multi-families if the borrowers have strong financials (both income and capital).Congrats on being a young investor and tackling a good sized deal.

It feels good to reduce the number of cards with a balance such as tackling the one with 90%, but consider tackling/ overpaying your accounts with the highest interest rates first regardless of balance utilitzation %.

Why America is afraid of tackling this issue is both sad and disconcerting.