While the 1% or 2% rule might not apply, focus on factors like occupancy rates, rental demand, and appreciation potential.

the opposite  call mortgage companies and apply for a job. 

They can't see what's not obvious.Keep it simple is some of the best life advice and definitely applies to someone's first deal.

But I am curious if my relocation would have to be fully complete or in the process before applying for the loan?

Refinance post rehab, have the higher rate but apply option 1 cashflow to cover the increase.

Apply the 70% rule to determine your maximum allowable offer, then negotiate and get the property under contract, ensuring your agreement includes inspection and financing contingencies.Arrange professional inspections to uncover any unforeseen issues, using these findings to negotiate concessions or confirm your repair budget.

The issues with househacking-type strategies typically arise when you apply for a new loan.

While the numbers they provide might make sense under specific conditions, it’s always a good idea to apply a more conservative approach to ensure you’re prepared for the unexpected.For vacancy, the tenancy averages they’ve shared (3.8 years for C class and 6+ years for B- class) aren’t out of the realm of possibility, but I’d treat them with caution.

You can encourage them to apply for unemployment benefits if they haven't already.

I think this principle applies to everything in life.