If it is grandfathered to a church or other business use, that could be good negotiating leverage with the town. 

Oftentimes, some municipalities don't allow residential in commercially zoned properties.

The good news is that Fannie Mae and Freddie Mac recently relaxed underwriting guidelines to allow for it.i recommend checking out Freddie Mac's Home Possible and Fannie Mae's HomeReady program.Outside of that, working with a mortgage broker can also help you shop around for lenders that allow for boarder income.Good luck!

Companies expand to locations with low crime, low operating costs, a pro-business environment, and a metro population >1M.Having defined these three requirements, I will now provide the sources for the necessary information.Cities with a metro population >1M: Small towns may rely too much on a single business or market segment.

Passive Investment - Buying and holding performing notes for interest income and or investing in debt fund/partials ownership Active Investment - Buying non performing notes to either modify to reperformimg or foreclose for real estate ownership; “working” the notes in your portfolio; or “creating” high yielding investments through various meansNote BUSINESS - Running a note fund; syndicating notes, buying and selling notes, creating partials, brokering notes, etc. 

Just like VG Jason said, do your own due diligence, trust but verify and run your own business.

I use PropertyRadar for my business.

I heard the banks and also Fannie may now allow capital gains income to be included as qualifying income for getting a loan.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

My family operates a home building business in South Jersey.