The subject property was purchased in a 4 way transaction, in which my partner and I purchased both the subject property and a warehouse type property that was “behind” the subject - from two different sellers.  

It's great that you're open to various types of living arrangements, as flexibility can be key in finding a good house hack.

I did pay myself a salary last year and plan to do so again, but I won't be able to produce the standard, "...last two pay slips" type of documentation that normal conventional lenders want. 

But even as I type that, I’m realizing that I’m already falling prey to the “units” measuring stick of success.

That's a very odd type of claim to cause ineligibility for a liability umbrella.

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

If this is an investment property Fannie can't do this type of loan.

To assess what type of upgrades to do and which will return for you - do some research into what other rentals in the area are renting for and scope of renovations they have - i.e. if the comparable rentals all have painted the 1970 cabinets - then you can do similar and not drop $40k+ on  full gut/ remodel.

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