I'd be opening a business with moderate traffic and regular scheduled appointments (think barbershop, salon, etc)In my opinion the lender doesn't need to know about any future business plans or exactly what the renovation funds will be used for other than the fact that i will be renovating the property with that money and it is going to be my primary residence.

In the meantime I'm trying to get myself educated as much as possible in all the various aspect their is to real estate from picking a property, analyzing the profitability of the building, obtaining financing, renovating, general property management.

Yeah, I realize there is much less concern as long as materials are not being disturbed, but we would be doing renovations (see below).  

Are you a well-known renovator/house flipper?

We'll occupy one unit as we renovate and flip the unit moving onto the next. 

Just as an example if you all in cost to purchase/renovate is $300k and you're putting your $30k (10%) into it you would want to be able to refinance the property for a $300k loan ($400k value) so all your money is back out of the deal and ready for the next one.

I am in the process of remodeling my home , i do my own renovation , i'm a handy girl :) 

I am just learning, so take what I say with a grain of salt.My plan is to Move to Tampa and buy an apartment building with a 203k loan, and live in one of the apartments, while renting out/renovating the others.

Hi guys , i just got myself hooked-up in this real estate industry from selling to renovating since the past few years.

Also, in spite of having construction knowledge, renovating an 80 year old house presented some challenges that kicked my backside.