The definitions are a lot of words, but they don't really mean much when applied to each specific investor.What my questions are based on is this:  How do these rules specifically help you? 

For now, I’m planning to use an owner occupied loan. 

Negotiation was focused on obtaining a purchase price that left room for a profitable flip after planned renovations.

In total, we spent about 6 months ironing down the window size, materials, color, and any exterior changes visible from the street.Getting Exterior Changes ApprovedGETTING TO WORKOnce you get through historic and planning, the building department (ISD) is a whole different animal to wrestle.

Is there any specific list I MUST follow?

Also if you can be specific for finance options.

It might be a good idea to discuss your specific goals with a few more lenders from the approved list to see if they can work within your parameters.

As far as the law goes though, being distilled in Kentucky (or Bourbon County specifically) was never a thing.

Specifically for University of Ky.

Hi Edgar, in your specific case, the thing that scares most is that is a very old building with HOA and risk on future special assessment.