I also think that while the in-law provides more flexibility, the route with master bedroom and bath may increase the value of the property more than an in-law and give me more flexibility in terms of exit strategies.

I will get in touch with some lenders to see what they offer and take the flexibility of the HELOC into consideration.

Smaller banks will likely be more flexible, but you're reliant on the reasonably small number of people working on their whole caseload. 

Try a local bank to your area, they are usually the most flexible. 

I do know that they are TYPICALLY willing to be flexible if you have a detailed plan in place to address the deficiency.If I were you I would call the local office with the case number.

If your units are full then I guess you can I’m flexible on your price point.

We think this model is a no brainer as you can charge more for the individual rooms, have flexibility on leases and absolutely cover your mortgage.

With underwriters tightening up, Anyone out there know of flexible lenders that’ll approve me?

I am not sure if this is for you but my first MFR was owner occupied which gave me a ton of flexibility.  

I am fortunate to have a job that I love, that pays well enough for me to support my family + lifestyle all while being flexible enough for me to not be shackled to my position.I have a disciplined and structured mindset that I would like to use to focus on becoming financially educated and on to a sophisticated investor.I am looking for direction on how to obtain this.