Any licensed, bonded, insured, experienced residential contractor can do the 203k, but that doesn't mean they actually understand the FHA guidelines, timelines, paperwork, processes, or procedures.

**Tenant must followall HOA guidelines.

We want to be sure the investor doesn't use gambling language.

Credit only works when others have credit to gamble with!

The space under the finished floor can be used for parking and storage only according to NFIP and City guidelines.""** Google the terms to learn more...

They also have to evaluate for secondary market reasons to meet Fannie/Freddie guide lines to sell the loan and securitize the MBS. 

That will all depend on the value and guidelines with Conventional financing. 

Could build tenant loyalty to you, would definitely make your property desirable to renters that have "fur babies".Just make sure you have written guidelines to follow for dealing with dogs barking, pooper scoop policies, etc.  

How have you LEGALLY done it in the past, and stayed within SEC guidelines.   ??   

To me, that is gambling.