You need to ask for all information about the tenants right at the beginning of the application process. 

For this application I am not sure I am opposed.

I put a SFR on the market week before last and had 10 high quality applications in 4 days (and I require completion of a free application before I show a property).

I have researched potential investment areas and found a market in North Carolina that meets my criteria.

Market rate is $190k per unit.I'm really excited about the potential of this investment, but I want to ensure that I'm making sound financial decisions.

You would need new approvals from Regional Planning and Building & Safety for the re-conversion to meet applicable single-family residential development standards under Title 22 (Zoning) of the County Code.”I asked to see the actual covenant document but was given only sample language.

Was still $2,500 plus a potential $600 for materials total after informing him.

How does it not affect your DTI unless you don't report it on an application; wouldn't that be fraud? 

Now, I did an application on Zillow and it said that the judge said I was guilty and I had to pay 450.

Condos can be a good option for new investors, but updating kitchens and bathrooms might not add as much value compared to single-family homes, especially with potential restrictions from condo associations.