The Building and inspections dept will make your life miserable if you are not conforming and if you ever put a tenant in there and get caught the legal repercussions could destroy you.

But, it basically says that the Guidant product conformed to all laws and that my implementation conformed as well.

Take 75% of rents-PITI and add to your personal gross income.If you want a conventional conforming loan (best interest etc) use 28% of your gross income for PITI on your new home.There are more aggressive formulas but if want 3.875% 30yr then the above will get you there, assuming good credit and high quality property, and not exceeding 36% gross total personal debt including PITI for home.

There was a limit of up to 4 properties and then Fannie Mae changed the guidelines for conforming loans.

Build a new, conforming property in the area4.

If you signed an occupancy clause and the bank finds out they can give you the option to: sell, occupy or refinance.Your insurance should conform to the usage.

When sending an e-mail I always ask to confirm that they received it.If I do not get the e-mail conformation back I call them to confirm.I find many times companies are having e-mail issues,phone issues,website issues,fax issues,etc.

I believe it conforms to all Florida laws but I am not an attorney.

Additionally, reading some literature on contract law, as that is what the security instrument and note conform to will also help.

I can shed some light on the fractional ownership funding my company offers:- FULL DOC and SIVA application allowed- 3/5/7/10 YR Fully Amortized ARMs and 3/5 I/O Arms available- 80 LTV for PURCHASE & R/T for FULL DOC-75 LTV for SIVA (70 LTV for Cash Out)- Conforming and Jumbo loan amounts allowedRegards,Scott Miller