You will also be amazed from your conversation with the bank how many people don't submit a business plan let alone understand how much one can help get a loan. 

Also note that whether you have an LLC or a corporation or an "s-elected" LLC or an “s-corporation” … your company can be, in casual conversation, be referred to as a “company” or “corporation”… So, you may hear someone ask you for a “corporate resolution” in conjunction with your LLC.Also, a corporation or an LLC can have a “Resolution”, whether it has an "s election" OR NOT!!!!

"So apparently, the owners converted their 2 car garage into a Living area.This property therefore ( per FHA guidelines ) is not Insured .Is there a way around this " Illegal " garage conversion ?

Dont know WHAT your looking for but as a first timer,,,I would avoid 'conversions'   Thats a house, generally old, that was coverted from 1 family to 2 3 or 4 family. 

Tom, I'm glad that you stepped into this conversation for Nanaimo as I know enough to be dangerous!

I reviewed my notes of our conversation back in July and at that time you told me that you already had a truly self-directed plan established.

I would have a conversation or two with a couple of mortgage bankers or mortgage brokers and get some of the details about the Homestyle loan program.

Investing in the construction conversion costs to split out the utilities, install a kitchen, and any other reno costs.

Thank you very much for the insight, I've learned a lot just in the short conversation I've had with you.

There are a few nuances to doing this - it's either a 10 minute conversation or 10 paragraphs of writing to go over it.Hurdle 1, solution 3) If none of the above work, you could always do a cash out refinance on the primary using Freddie Mac (see hurdle 2 solution).Hurdle 2 solution: Your information is like 3 months out of date, my friend!