Most think of that classification as upper-middle class, median price range and above for both home and income of the resident.  

I will also be moving out of my personal residence and into a new one later this fall and attempting to rent that one out as well.

He'll know how to qualify.

The SFH is in my wife's name and our permanent residence and the vacation rental are in my name.

Taxes and water vary a lot from town to town here.What is nice about quads, is they qualify for fixed rate financing.

The more doors the better per unit and if you live in one unit you can qualify for owner occupied financing.

I bought my first house when i was 22 and have purchased and sold five more over the past 30 years, mostly residences and 2nd homes.  

The house has 4 rooms but only 3 qualify as bedrooms as one has a window too small to count as an egress.My question is in regards to the basement.  

The rates and fees are higher than conventional (but in your case, you're not going to qualify for conventional, so that's not a consideration) and in our case, there is no requirement for tax returns or pay stubs so it's an easier qualification.Please colleague request me.ThanksStephanie

You could also see if the buyer will possibly qualify for conventional w/ a 5% down payment, which would allow them to get a new appraisal.