My self diagnosis is that I should stick with my numbers but be less hesitant to pull the trigger and submit an offer on as many properties that conforms to my own risk profile.

I saw a new listing yesterday in (Washington County ) Hillsboro. 2/1 duplex... the second bedrooms are non conforming / converted garage space

You might want to find out if the MIL suite is a non-conforming structure or use.

I prescribe to the Milton Friedman (renowned economist) view of business.One thing he is famous for preaching is in essence this: A business sole purpose is to make as much money as possible for the owner or shareholders while conforming to the basic rules of society.You can read his famous article hear:

-One septic or city sewerMy guess is they are on 1 parcel which is always going to make this a more difficult property to sell as it is not FNMA conforming 

It's not buildable for conforming home, so I was thinking about developing the lot into a space for a tiny house, and then renting on AirBnB.The lot is not improved, but in the city with all utilities at street - in my mind, this would be like developing a one-space mobile park...bring in utilities, a pad and some landscaping.

If you are in a high cost of living area, such as San Francisco, you need to stay below the conforming loan limit of $970,800 to get the best rate without needing to put down 10%.

I've got an investor getting a conforming loan with 10% down.

if you have a property that has very little owned on it, you can transfer to an LLC, and get a commercial loan on that property, which is NOT a mortgaged property in your name since its now in the name of the LLC,,,this helps if you owe very little or have a smaller property, but want to buy a more expensive one with one of your conforming properties.6 months reserves for all rental properties (most banks say all mortgages but some will not make you have 6 on your primary), they will use 75% of lease amount if you don't have 2 years history on a particular property.

Hi @Chris Madrigal, if you're planning on getting a conventional Fannie/freddie conforming loan you won't be able to buy it inside an LLC, Fannie & freddie require a "natural person" purchase the property.