And there is no problem that this document is saying that I have the permission but it is also signed by me?  

My loan officer seems to believe this means that I need two separate loans, sales agreements etc... 

.: You might be able to raise extra capital to support this project by listing the property for fractional ownership on lofty.ai.

Cold called this property owner who wants $150K for this 2 bedroom, 1 bathroom 928 square foot home. 

This will affect how you market a lot.One piece of advice on what you wrote.

This deal would be $275,000 with the owner holding 80% of the loan for 5 years.  

This really is an economic pickle.  

Purchase price: $307,000 Cash invested: $118,000 Purchased in January 2021, we successfully renovated this home to create a premier vacation rental property.

It also makes it harder for other operators down the road--- not your main concern but we all impact each other.What about you and your wife live in the garage unit, and rent out the house for a lot more, at least until all this permitting is figured out.

This was our families initial home purchase after renting for a number of years.