Well there were always add backs (typically CCA, home office expenses and auto) but the biggest change with it was for consideration of being self employed for less than two years.

Typically, the same applies to LLCs where you and your spouse are sole members.Actual Lenders Title Insurance states;CONTINUATION OF INSURANCEThe coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.

A few of the challenges we had to face on this project were: keeping the historic exterior paint color, white with unique teal trim.

In this transaction @Marc Whiting would lease a property from the owner and price $X.  

PG county you can typically expect a profit in the $20-$30k range, and DC you can expect a profit in the $50k range, to even higher if you move up in price point.In PG county the areas you would want to look at are Hyattsville, Mt Ranier, Brentwood. 

Yup, typically if its highest and best use is residential then residential financing isn't hard to obtain for a commercially zoned property.To the question of developing on the land, which sounds like it's on the same parcel as your building, that would depend on your cities planning and codes.

go easy on me, I'm color blind and a terrible artist...heres what I put together...Rough sketch with the walls i want to remove in red, existing/walls I'm keeping in yellowhttps://drive.google.com/file/d/1h9Zsm8YeuIYLlbInY...Rough sketch overlay to aerial photo to show hip roof. https://drive.google.com/file/d/1OK90I7ikqJp6_7b7a...Attic shot looking west from the corner. 

Our homes are typically vacant less than one week (our longest non-rehab vacancy in the last 4 years has been 2 weeks).

You purchase (close on the purchase and go on title), do nothing or almost nothing to the property, mark it up and resell it typically very quickly.2.

Typically the lender would get anywhere between 8 and 15% return on the money he is lending you just like a hard money lender.