I would move on to another applicant especially if you have other people currently interested in the property.

I’m sure I will have to check zoning but figured I would see what ideas people had first?

Nice finishes- Nothing fancy, just what the people want.   

One strategy to rapidly increase door count would be to leverage an equity position utilizing a cash out second equity line or fixed second loan as a down payment for a new primary purchase of 2-4 units.

@Jesse Edwards I think people will snap you up as a middleman on this forum:)

Also, only 75% of the gross income will be counted. 

It makes me squeamish when I hear people say, "I will have to disclose..."

So many people treat MTR like a unique investment class, but it is not.

Borrowing other people's money sounds great but the market prices are high and hard to make profit if you borrow the down payment and borrow for the remainder of the mortgage loan. 

Are there other types of loans people use to pull equity from their rental to purchase additional properties?