It is more restrictive than I had thought.

First off, call title and get the LURA (land use restriction agreement) recorded on title so you understand the use restrictions and when they fall off."

I am looking for any lender restrictions that I might not know of.

Restrictions are easier for a mortgage on a primary residence. 

However, you're able to wholesale without some of the restrictions non-licensed wholesalers are. 

Just keep in mind that covid restrictions are in place that may apply.

That's a great interest rate as well.If you do convert it into a duplex, make sure you check with the city/township and see if they have any restrictions or loops you have to jump through to get the proper zoning for a duplex.

Some lenders do have overlays making their guidelines more restrictive than Fannie/Freddie guidelines, but for the most part, guidelines are guidelines.You may be better to use a mortgage broker that can guide you through the process rather than a big bank.Best of luckStephanie 

For the record, there's no restriction that I know of that prevents someone from signing leases on two separate properties; parents cosign for their children all the time!

This is for a property in Indiana where the state doesnt put much restrictions on what can and cant be in leases.