My new home is a liability at the moment but will be what gives my PARTNER and me access to assets in the future. 

I was a title closer several years ago, both commercial and residential.

Thanks for the tag, @Steve McGovern, but I can't help with this as it is both a residential (not commercial loan) situation, plus any additional funds would be in 2nd position behind the bank providing the original 203k loan.

if you are right on an exit you might hold value if it becomes a commercial area. 

ARV is $900K on this house (Summit NJ, train access NYC) and reno timeline is 3.5-4 months (we're dormering an unfinished 2nd floor to add master suite + 2BR + BA, gutting first floor, finishing basement). 

Does that qualify for a residential loan or commercial loan?

And I have to prove I have a renter in place to access my 2nd half entitlement, right??

I have completed many wholesale, flips, and commercial projects. 

I always tell them you need to have support from home... real estate at least in the transactional side tends to be a late afternoon nights and weekends gig.. make sure your sig other understands and is on board.. you cant really do real estate 9 to 5 and no weekends.. well you can maybe if you go commercial.. but not resi.. 

I'm shopping for a new commercial insurance carrier for this.