FHA is the only time there are hard/fast requirements.

Make sure any down payment assistance programs fit your goals and financial position by carefully reading through their qualifying requirements, terms, and conditions.

@Jessie Cervantes DSCR loans require 25% down payment and are higher interest rate than a conventional 30 year note.

The work that has been done shouldn't require any services calls for a some years.We haven't put any top end items to the home.

I have two 3-family homes and 1 duplex, none of which trigger the commercial loan requirement.

Airbnb can provide great cash flow, especially in high-demand areas, but it requires more hands-on management.

Since you'll be living in one of the units, you can qualify for owner-occupied loans, which often have lower down payment requirements and interest rates compared to traditional investment loans​

Do they require annual DSCR tests?

Cash up front would be a bigger requirement for STRs too so it's not a "cash-flow" method, it's just your moving cash around differently.

I am an experienced renovator, having done work and management on all aspects of my own properties from the foundation up for 18 years.Since the State laws are new, I'm excited about the possibilities, and looking to chat with other Owner/Builders about the feasibility and pitfalls.I guess that my biggest open questions are about foundations and waste water management requirements in conjunction with an existing multi family building.