Example $200K purchase Bank/lender offers 85% LTV so 15% down payment required.

That in and of itself is proof a variance was not required for the scope of work on the permits. 

Our agent who is listing our home for sale lives 2.5 hours away so we would need someone else to show us the land if we determined it met our requirements. 

On April 1, 2023, Fannie Mae & Freddie Mac changed their cash-out seasoning requirement from six months to 12 months seasoning.   

Since you hold a license you are held to different standards and requirements.

You must have a custodian for an IRA, and while you can self-direct it, you do have a middleman between you and your IRA. 401k does not require a custodian and can be set up as a trust with you being the trustee.

I believe they have a 6-month seasoning requirement, but if you bought it longer than 6 months ago, you should be all good!

I've always heard skeptic caution about properties at these price points because they come with a difficult tenant pool which then requires much more intensive property management and capex.1.

Properties sell fast and nobody wanted to touch this due to the amount of work required.

If you're going to be required to do DSCR I'd try to stay above $100k.