I am not comfortable with this as my wife is immunocompromised and also carries other factors that could affect her long term health and or death.

Buyers want a vacant home too during this crisis, since they dont know the health condition of the people living there. . 

So I will preface this as conversation only, and would like to get a lawyers viewpoint and maybe a city official, but my understanding is, it's a unit that is allowed but not legally rentable.

Or is there some kind of request through the lender to officially approve it?

We've already begun the process so I haven't gone to a lawyer to draw up any official agreements but we do have an agreement he created outlining the profit split. 

Aug 2019: Purchased distressed 20 units in Cincinnati, OH for $450,000 all cashProperty is 70% occupied with rents averaging $375/month, loads of deferred maintenance both interior and exteriorBegin to cure basic and necessary repairs for health and safety of the residents while we look for construction funding for the future rehabilitation projectOct 2019: Received term sheets that were satisfactory and began working towards the construction plan.

@Tony Merchan technically if the tenant didn't give you anything in writing saying they were leaving, they are not officially out.

With renewable term life, you can restore your life insurance once the term is up, even if you would normally not be able to qualify for term life due to health problems.Whole Life/ PermanentEntire life insurance pays a death advantage, whether you pass away in one year or at the age of 90.

The three main factors they provide for advising entire life are: 1) entire life insurance lasts the period of your entire life so you do not need to worry about renewal or possible health recessions that could increase your life insurance coverage rates on term renewal; 2) entire life insurance can be used as a retirement financial investment; 3) if you need to choose you wish to have life insurance for your surviving household, entire life insurance coverage will provide that additional web of security.These factors miss some very crucial realities about entire life insurance coverage vs. term life insurance coverage debate.

Board members change, owners change, and the economy changes - all of which can change the owner occupant percentage, the HOA's financial health, etc.