@Charlie Chres that is a slippery slope your tenant is asking for a right to approve your current and future tenants.

Would it be easier to get approved with a duplex (2-3 br + studio) over the ADU scenario? 

Should I try to get pre-approved?

My current mortgage lender I'm pre-approved with is requiring a decent amount of reserves.

My question is can I get approved for a FHA 3.5% down home owner occupied loan if there are fixes that need to be made to the property???

We would need to JV with developer and/or equity partner for pre-dev/bridge to get the final approvals from city first.Our plan was to acquire site first with equity partner.

@Jaysson Brooks@Chris LevarekHere are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

I was using our mort. per-approval from a month ago when things were a bit different. 

So we submitted our Title24 to the city on May12th by email.They responded saying the system was generating a target date of about 3 weeks out for reviews.understandably due to COVID-19 the 3wks have come and gone and no response from the city.Just wondering if anyone has any actual experience on how long the city is currently taking to approve permits.I'm guessing it'll take 2-3mths?

It was in contract for 1.65m but the buyer didn’t get their mortgage approved so that deal fail through.