I actually think they only had 6 months of income from their current job and were still approved.

Application to IRAC to increase more than the recommended.In both cases you have to submit an application to IRAC which may be approved or denied, though I've never done this.Aside from this, I still think PEI is a great place to invest.

You should get city approval for subdividing BEFORE razing anything!

Can't get any answers 1st application applied for the 3 months approved for 2 immediately recertification sent September 1 now placing me 4th back rent.

Or a market near hospitals to capture traveling nurses.Or another purchase alternative is another Single Family Home or even Townhouse near a college and you can do a rent by room, depending on local tenants laws.I am personally investing in Garden City for a STR.Those are just my ideas…  My biggest concern is getting approved for another loan on a STR or LTR with just the HELOC for the down payment?

After doing some research I found that while they said they were rent friendly, they were referring to LTR subject to approval by the community board.

Obviously the seller would like compensated for the risk involved in waiting for you to get approved for a loan.

I definitely learned my lesson on the DCRA permitting, it was at least double the time it would've taken me to get the same permit/scope approved in Virginia.

There will be development standards that will have to be verified before getting approval of the additional 2-3 units.

If you can get approved for the loan, I’d ditch your condo and make the jump.