Lender also told me for my next property I will need at least 15% down and 6 months reserve and since I already have a primary residency I would have to apply for an investment property.

You can look and see what everyone is doing, pick and choose what you like and apply it to your business.

Many have already paid a one time fee for background/credit checks that can be applied to multiple listings... works for me, my profit comes from rent.

The exemption applies to "A duplex in which the owner occupied one of the units as the owner's principal place of residence AT THE BEGINING OF THE TENANCY, so long as the owner continues to occupy".

I understand that the six months thing comes from banks wanting you to prove your income with a rental property before you can apply the income to your Debt to Income Ratio.

@Aaron Garbade no different than applying for a Conventional loan. 

Proforma cap rate only applies to rentals greater than 4 units.

Excited to apply those lessons to the next one!

can someone please provide examples of a cover page and summary page when applying for a loan, please and thank you ! 

Get the house in forbearance sold before Halloween, bribe ex wife to cooperate, go to arbitration rather than wasting money on divorce attorneys, have her apply for a permanent modification on her name and income alone.