Despite my status as a student, I've worked all four years of undergrad and saved up a good chunk of money (over 10k). 

This latter choice is an interesting conflict in the Airbnb world as they always push for 5-star and Superhost status (my wife) but I intentionally shoot for 4 stars.  

And the city never turns the water off regardless of payment status.

Barking for hours when no one is home would be a nuisance issue, and subject the tenant to possible removal of the animal or tenant vacating...again after a "reasonable" accommodation with regard to timeline for such removal.We also require a current Veterinarian's report on health and vaccination status; animal must be spayed or neutered to reduce aggressive behavior unless Veterinarian recommends against; offensive odors must not emanate from the residence and proper sanitation must be maintained within the unit.

RE Professional status only applies to deducting losses, and only from rentals.

But you would have a portfolio already built that is cashflowing, forced equity to build your net worth (say you wanted to reach accredited investor status... your personal home wouldn't count), and multiple properties appreciating for you. 

I should have it out of that condemns status in the next few days but already have it renovated and both units have tenants going in.

Yes, our property is indeed owner occupied, and when we will finish with the rezoning stage it still will be owner occupied but fully commercial. we plan to rent out some of the offices as storage units and such but it will still be owner occupied.Im gonna have to review the lending agreement more carefully but when I discussed this topic initially with my mortgage broker he said that there shouldnt be an issue with lending terms based on the status change, I just needed a confirmation I guess

If you are able to get REPS status, that would help tremendously.

That tells us that you just aren't satisfied with the status quo that has become the norm in the REI world -- you're over the selling and pitching, and want to collaborate in order to succeed.