This applies to 1-4 unit properties.

(you spelled loan wrong, though applying for a loan is a very lonely process sometimes) 

@Austin Bright $175k would apply to any property 1-4 unit. 

Traditional and Section 8 applicants can all apply for any rental.I recommend asking market rent for unit #3, then vet your applicants properly. 

The reason the principles  have been vetted in big companies Is because they work but too often we try to apply those principles to our organizations of 5-10 people and they don’t scale down appropriately.  

I know the other tests (90% invested in zone, invest the improvement value of property). would still apply. 

Does that situation apply to what you are trying to do?

I can tell you why: because the Govt via the cities of the community/state you are in have made it clear that they have both the capacity (i.e. votes) and willingness (i.e. political ideology) to say that the free market doesn't apply and your rights and an owner will be limited in at least one major way.Any guesses how that's going to play out down the road? 

When you buy a property for cash, then rehab it, then rent it out, does the 6 month seasoning apply for a cash out refinance?

What I did when determining what company to work for is by asking them questions that would apply to my goals in real estate personally.