A banker can probably be of more assistance here, but my understanding is that these loans are generally written to be capable of being sold in the conforming market so the requirements are similar.

The service supplies leases and other rental forms that conform to the laws in each state.  

It could be operated as a non-conforming duplex and net $600-800 cash if I rented the main living space.

Aside from that you will need to either get your tenant to conform to the lease or evict.This is a very good example of the importance of only offering M2M leases to new tenants.

After that a conventional loan can be conforming which is defined as:A loan that meets certain guidelines as set forth by Fannie Mae and Freddie Mac (LLCs among other things don't qualify).Beyond that loans made on 1-4 units are simply conventional non conforming.

Not only that, but lenders don't like anything that is "non-conforming."

With ATS, they vetted and certified me, a long time ago, including an office visit, so I don't need applicant's approval to pull a report, and I get the actual credit reports that come out from the credit bureaus.With ezLandlordforms, they're state specific, they guide you through the preparation of documents, conforming to state requirements.

In order for it to conform to the 2% rule, I need to get the work done for $7,500.

We can move forward sooner with 3-day (pay rent or quit) and 10-day (non-conformance) notices when we can show cause.

A jumbo mortgage is one that exceeds the limit for a "conforming" mortgage.