The key is consistency.

Please see guidelines from FNMA website:-The financed property limit applies to the number of one- to four-unit residential properties where the borrower is personally obligated on the mortgage(s);applies to the total number of properties financed, not to the number of mortgages on the property or the number of mortgages sold to Fannie Mae;includes the borrower’s principal residence if it is financed; andis cumulative for all borrowers (though jointly financed properties are only counted once).The following property types are not subject to these limitations, even if the borrower is personally obligated on a mortgage on the property: commercial real estate,multifamily property consisting of more than four units,ownership in a timeshare,ownership of a vacant lot (residential or commercial), orownership of a manufactured home on a leasehold estate not titled as real property (chattel lien on the home).I would say from my experience if your property is zoned residential, whether its in llc or corp, you have always opportunity to refinance as conventional loan so that will be count in  your 10 finance property. 

Activities that consist primarily of breeding, training, showing, or racing horses are presumed carried on for profit if they produced a profit in at least 2 of the last 7 tax years, including the current year.

Just never give up, be consistent at whatever it is you chose to do.

We have been able to demonstrate consistent and quickly growing revenue so we are moving into an aggressive hiring and expansion phase.

Exactly what Lamar said: Consistency.

This being said, you may have a shot at doing this.Is that cashflow WITH you living in the unit or if you rented out both?

My value to the deal would have been the repositioning of the park from a mediocre asset to one that cash flows reliably and consistently, paperwork, evictions, and all other such clerical work.

5. i was SO beat down (along w/some very poor herd mentality investments in other things) that i am now committing @Will Barnard 's other mistake of spending 4yrs - currently in 2nd year - of wanting/planning to get back on the horse before really doing it (again). 6. working backwards from goal to action steps and committing each day or regular period time per week towards attainment of that goal - while consistently networking... working on that now... :) 7. and lastly... knowing the numbers, the market, the area, and the numbers - practical and on paper.

My experience is that with lower grade properties that it is pretty consistent with tenant issues and their lack of concern for your property.