If so then what kind of issues could arise and possible ways to avoid.This property is originally planned as a single family but the garage is converted into another 3/2, which technically make it two property on one lot.

The typical resolution is converting the excel to .pdf.  

I'd be interested in knowing how many names on a list it takes to arrive at a potential seller willing to take a 'call-back', then how many of those can one expect to be converted? 

However, he has multiple properties so if it works out well we will likely convert his other properties over to it as well. 

I have 2 section 8 properties and would love to convert more of them to section 8.Government will pay 110% of market rent, they direct deposit payments and do inspection to ensure compliance from tenants and let you know if there are maintenance issues.

So be prepared to later do a rate & term refi to convert the HELOC to a traditional mortgage.

Converting to duplex 2/1 and 1/1.

Once the house is complete and you move in, the loan is converted into a permanent mortgage.Because this format is basically a two-in-one loan, you have only one set of closing costs to pay, reducing the number of fees you owe.During the construction of your house, you pay interest only on the outstanding balance; you don’t have to worry about paying down the principal yet.

If I were draft such a document it would probably include some of the following: > Previous historical STR business success/numbers (or other relevant REI experience)> Exit plans for property if they were restrict STR's and ability to liquidate or convert to standard rental> Revenue and Occupancy rate projections using industry 'approved' sites like Airdna.co>Cash flow projects with proof of expense amounts citing publicly available data In the end, the lender wants something predictable as a lease would give them on a standard rental purchase. 

I'm planning to live in the garage and maybe even convert it to a living area.