Probably try to get that LLC shutdown if she was the owner.

Quote from @Shivani Kumar: Quote from @Patrick Roberts: For Conventional, there are two basic ways that income is evaluated - properties being placed into service (such as a new property being purchased), and properties already in service.

True non-recourse is extremely rare when investing in small commercial or residential properties and frankly does not really exist at the feasible LTVs most investors are looking to do. 

Hello Jack, in Texas I find a lot of investors using the Subject 2 method, especially with FHA properties where they are at or under water on their mortgage, but most of the mortgage rates are under 4%.

As long as you intend to live in the property as your primary residence, then a primary residence mortgage is appropriate.

ODI is Owner's Discretionary Income. 

Title should check to make sure there is no one else that might have a claim to the property if it's in a strange arrangement. 

On A first house hack, owner occupied, do you have to change the address on your driver licence living there for a year?

A friend of mine is co-owner in a drug rehab clinic that operates in Southern California.  

Is this common in the Chicago market or markets with high property tax?