The other is of course the offer gets denied which just costs everyone time if the seller is basically going to get foreclosed on at some point.

The issue is unless a banker can see this as a wise investment, they would deny me as my DTI is high and my income on my returns is not that high.  

(It manifests itself as twice as many cars parked on the street, etc. ) The county could deny you that re-zoning.Not to say that there aren't landlords running illegal duplex conversions all over the country....but in Denver, you're not supposed to be able to build a second kitchen in a property zoned as SFR....if there is one, it was done illegally without a permit.

I was denied because my current mortgage lender had reported my April's payment ad 30+ days late, it was the 20th of the month!

I don't think anyone here would deny that emerging real estate markets exist, but just a challenge to know what type research to do in order to identify them.

The banker denied the loan to the RV park. 

She simply put it in for review and if they still denied it, we could then go a more formal route of appealing.

if you do not have it as insured as vacant and something happens, they may deny your claim because you have it as tenant occupied, which may have prevented any damage that may have happened.

I made the offer and its being reviewed it has not been accepted or denied so no contract therefor no reason for a underwriter?

In addition to the contracts written here being problematic Maryland will deny you access to the courts here if you don't have the COA.