If you are not getting advised in that way from the lender that you went to, walk away, go to a Banker or Broker that can show you the differences and show you what you can qualify for based on the scenario's that you might lay out for them. 

Further, as a flip, the four bedroom layout may be okay, but combining two of the bedrooms into a large single room, possible master, would have more value but as a rental the extra bedroom may make more sense. 

Internet is the best marketing platform.

Most of the internet, other than this site says this is a terrible idea.  

I was doing some research and it looks like I have to draw the layout concisely and so much more but i needed some more information to go ahead with the process Thanks I hope this was enough  information to get some answers or I have explained it enough for understanding 

I have also scheduled gas, and Internet people to come and install the services on that day.What action should I take, and what if the place is not ready on the 28th?

If you don’t have a job, but you have internet access.  

In fact, I know of a big player here in Houston who lost NOT 10s of thousands of $$ but up to the tune of $200k on a couple of properties that he REFUSED to make sure the design (colors, kitchen layout, special fixtures, and finishes) set that property apart from the rest.

You can only do so much over the internet.  

Listening to idiots on the internet or idiots on the news or trying to interpret statistics is no substitute for being on the ground and knowing a place.