Some of the regional banks and small credit unions can in fact deliver on speed, reliability, and rate, but of the ones I've looked at, they ALL list cross-selling as a basic job requirement to be a MLO.

I can't count how many podcasts there are about this one topic.

It sounds like you need to talk to several mortgage providers to get their input on how the property will be valued, ] seasoning requirements, whether they will count the rental income, and your general qualification for obtaining a loan.  

For bedrooms, however, you don't determine the value of the bedroom specifically, you instead find comps that have the same bedroom count. 

Please count me in!

Sure thing Alex, the only problem might be that you cannot own any real estate individually or jointly prior to application on this home possible program.I have yet to ask what if the ownership and the debt are obligationed by a corporation or LLC and if that would count against this "individually or jointly," ownership rule but I'd bet that would be considered ownership as well.

I plan on doing owner finance on multiple houses so this would not count as just a single transaction.

The only other time I tried the trick to create equity, the bank called me out on it and wouldn't count it as equity down.  

Fingers crossed!

If there is a birds nest visible in that tree, that can also put your plans on hold until you get a wildlife professional out there to determine if it will get a "sensitive" tag on the lot, thus making it that more difficult build there... and that is not even counting the arborist that would need to called out to look at the tree...