If your financials don't change and your LTV won't be different, I would imagine it's a better situation for the bank to have the tenanted, renovated property, so I don't see why you would be denied, but I couldn't say for sure.

Here is an example of what I think you are getting at:Sale price: $200kAdjusted cost basis: Purchase price $220k + renovations $10k - depreciation $40k = $190k$200k-$190= $10k gain so $2.5k tax (est. 25% tax rate)

You can use a Fannie Mae Homestyle renovation on a rental, but the additional hoops and closing costs are not as attractive as the HELOC into a fix n flip would be?

We have owned a renovation company for years (licensed GC) and will be reinstating our real estate brokerage license.  

We realized the rents were much lower than market value so we have gutted and began renovating each unit as it becomes vacant.

Just putting it out there.And www.epa.gov/lead/steps-lead-safe-renovation-repair...  

My niche is finding deteriorated properties and using my capabilities to renovate them and build equity.

It's currently being renovated and I know that they're putting in some commercial, but I don't know what they're doing for residential and I cant find any specifics online.  

Today I received a call from the Passaic Valley Sewerage Commission (which is the agency in charge of the sewer system of several towns in New Jersey) telling me that in order for the City to complete all of the permits I had to pay a one time fee of $1,500.00.According to the employee of the PVSC, this charge is incurred for anyone purchasing a home from a bank if you decide to renovate that home.

My intent is to stay in this home, 3 years of minor renovations and 16k in equity I plan on doing a cash out refinance, with that money I’m hoping to use on purchasing my first investment property for a flip or rental, open to opinions and thoughts, sorry for the hiatus.Chris