Looking at secondary market guidelines isn't an answer, any lender may apply prudent lending practices they are free to set as they determine risks and make or deny any loan, they are not required to fund any loan just because guidelines are met.

I had a similar thought with respect to a primary loan business to borrowers who would be just barely denied in the current tight credit environment. 

For every $500 in monthly payment you will be denied $100k in loans.  

Some companies are more restrictive so make sure you tell your agent what you are doing otherwise you could have a claim denied for misrepresenting your property.

We now have around 30k in savings, since we paid for the deals above in cash.We recently went to a large bank (PNC) to get a HELOC to buy more homes, but they denied us, saying that we couldn't get one, since they were investment properties.What to do?

In fact, the critical point is 60 days, and I'm told the insurer can deny coverage if the vacancy exceeds 60 days.

The burden of proof for this falls on the property owner, not the City, and the City can choose to except or deny your proof, should an issue arise.   

Some of you may have read my posts herehttps://www.biggerpockets.com/forums/311/topics/35...and https://www.biggerpockets.com/forums/311/topics/36...Thought I'd let you all know that today, 77 days past the day we signed a contract with the buyer's, underwriting came back and said the buyer's were denied financing. 

She said that in many cases this form of financing has been completely denied unless the property was only one unit.

I think the ordinance specifically addresses the ability to deny the person so your inspection language may work.