-A prequalification happens when you provide financial data and, in return, you get an idea of how much you can afford.

The data below is from the MIBOR Realtor Association for Marion County, IN.

What the lender you spoke with is talking about is called the self-sufficiency test where the other 3 units of your quad need to cover the entire PITI of your mortgage.

Also, there was mold and so we got bids to have it fixed, they got bids that were WAY lower than ours,  our mold guy told us to have a third party verify the work and so our contract says that he would test before and after and approve the work.

You need to be resourceful and have great data .

What prevents sellers from testing out the open market if they are interested in selling?

I'll walk you through the depth of commercial/mf property and ownership data we have available on our platform.

Point is that DA's (in my own real world experiences) are typically lower than full appraisals and clearly cannot account for factors other than hard data (bed/bath/square footage/lot size).

This way you can avoid the self-sufficiency test on 3-4 unit properties that comes with the FHA loan.2) Maybe you can find a SFR + ADU to house hack?

Do you radon or mold test?