I understand that part on my end.

Trying to understand Dodd Frank-Frank ("DF") but a little unclear... 

I understand about Saturdays. 

I'm sure you have heard about FHA loans, they are great for house hacking, and you can get a better understanding of your next steps by hearing their recommended options as well.

Maybe someone can help me understand

AKA Work-ready.I purchased the home with an FHA loan, and my original contractor (as required by FHA otherwise I wouldn't have used one) underbid the contract not understanding the inflexibility of such a loan.

You're likely way ahead of the normal BPer in your W2 or source of income job to enter these markets, and I understand if you don't want to share.

I understand it has the possibility to change yearly but I didn’t expect it to almost double what the mortgage is on the property.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?