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I will be paying taxes in Canada and reporting the capital gain in Canada.

These permits will show on the property's title report.

James Kleimann of HouseWire reports that starting April 1st, a number of new restrictions will take place including a 7% limit on Fannie Mae’s acquisition of single-family mortgage loans secured by a second home and investment properties.

The Consumer Price Index soared 0.8% in April to match the biggest monthly increase since 2009, the Commerce Department reports.

I'll report back here what I find.

Look at the report not the score to see why its low, just because someone has a low score doesn't mean they won't pay.

Yes, my impression is that the commercial loans, although not reported on your personal credit, will still impact applying for a conventional loan. 

So if that is correct they should not be reporting a late payments.

@Chey Zwicker after under contract, get a copy of the current tenant lease and seller’s Schedule E for at least the last two years, which will show you seller’s reported expenses and income.Being five hours away, do you have contacts for inspection, etc.