Because of this, they're purchasing their own supplies/materials with very minimal labor expenses.

Does anyone know of a lender that provides loans (specifically a cash out refinance) for properties that are deviated as college student rentals or SROs?

Va loan

Both rentals are in my wife's name since she had the W2 income to get the loan.

We're a real estate fund administrator and most of our clients that have many SFR properties will hold them in just a handful of LLCs and the determination or whether a new one is needed is typically based on the lender providing them with a blanket loan/LOC.

Are you getting a loan to build or using cash from some Refi?

Since last year of November, Fannie and Freddie has allowed borrowers to put min 5% down for conventional loans and being able to invest multifamily up to 4units.

I dont have a choice all my banks require at least annual update financial package to include :Tax returns.copy of all K 1sPFS  ( Personal Financial Statement)When I had an airplane loan that lender required the same.. and I think some DSCR loans require these ( I dont have any DSCR loans just what I have read )

There are many lenders that will not do loans to LLC entities . 

Purchased awhile back, and loan fully paid off in 2028.