It is expected to propose text and regulation in October and host a special planning board meeting October 28th to review with the planning board. 

@Penny WilkinsonIf there are no comps, then I would try to ask community banks what they would be able to lend on it.

We host a Real Estate meetup monthly!

Bankers are generally not aware of hard money loan options, and even if they are, they don't generally refer them when they believe they can approve a loan to you from their bank.

I would, If in this position, take the equity in the form of a HELOC and purchase a cash flowing asset that would not only pay for itself but pay for the cost of the money while putting cash into my bank account each month. 

Those willing to go beyond that could be good partners for real estate investors.Traditional banks/Local Banks and non-bank lenders - If they are a portfolio lender, meaning they actually hold on to the loan and don't just collect your payment, then they have the ability to be flexible.

They send over 3 months of notices from the bank. $10,000 has been collected by the lender and is in an “unapplied” status due to the short payments.

I've been outbid on a number of houses by banks. 

Professional PMs use specialized tools to verify income directly with a tenant’s bank or payroll service, ensuring legitimacy.

Bank related issues can be prosecuted for 10 years.