They only require bank statements for approvals.

I would also like to do my first business deal with somebody so I can learn an gain experience from that person.

That could be considered personal property and belong to the previous owner.

You may need to keep asking for someone that knows the ordinance, before you get a person on the phone that can answer your questions.

How many investment properties do they personally own?

My 2 brothers and myself have about $210,000 cash in the bank waiting for a real estate project.

I personally like SFH, but thats just me. 

And just to clarify if anyone else is reading this: buying an interest rate cap, while effectively buying down the interest rate is NOT like buying down the rate on your personal mortgage.A point on your personal mortgage locks in the lower rate for 30 yrs and the mortgage fully amortizes.  

The lender probably pulled one line and your credit card company is not reporting to that credit reporting company.Some things you should know if you plan on using banks for mortgages.

The bank that mortgaged our other investment property brought it to our attention, it was a foreclosure.