For example, if the house is on a non-conforming lot or the building ordinances have changed and you would not be able to build the same way if it burned down, you should look at the optional coverage "Ordiance & Law".Hope this helps.

That probably puts you into non-conforming loan territory for your end buyer.

The best performing 4-plexes will be non-conforming homes. 

Lastly, you can also do highly rentals in Turtle Bay on the North Shore.Secondly, if a property has a non conforming use permit (NUC), you can do nightly rentals - regardless of the location of the property on O'ahu.Thirdly, and fortunately, the Bill added two buildings in Waikiki that can be used as highly rentals - the Waikiki Banyan and Waikiki Sunset.  

There are other non-conforming options, but they'll be quite a bit more expensive. 

If you don't conform to the reqs, you will have trouble getting a loan if you want to buy another property as your "primary residence" and may get looked into for mortgage fraud.

Hey there My husband and I found a property we would like to buy and build on. The property has two manufactured homes on it, and banks won't touch it. Our plan was to buy with little down,  live in one unit and start...

Normally, for a non-owner occupied property you need to do min 20% down on a conventional loan (which is really your only choice for a conforming loan).

Conforming, Conventional loans are governed by Fannie Mae and Freddie Mac (if you recognize those names). 

If they are dealing in your area, they should be willing to conform to the typical way of doing business.