If I understand you correctly, he hasn't completed the Section 8 process, and your home doesn't meet the standards.

Besides whether this can be permitted by-right, the site work and type of structure are huge variable as is unit type.

Im in the process of buying my first property.

.- Crack down on the building regulatory, permitting etc…process.

There's not a lot of online tutorial for setting up QBO in real estate industry so your best bet is to hire professional to set up the books and the process and teach you how to use it.

So this one deal might not be huge, but we have more in the pipeline. 

The length of time the deed takes to get recorded with the county which has also slowed the process of getting the water transferred to my name and 2.

Just went through this process myself and opted for a HELOC.

I am not an expert on that process, but the question remains:  why are you entertaining taking this additional risk? 

While this initial policy allowed me to secure conventional financing, I'm now in the process of planning and executing renovations to enhance the value and appeal of my home, with the goal of switching to a different insurance policy after completing the remodel and being refunded the unused portion of the escrow.