--i.e., the person living in the property.Let's assume I'm correct with the above (please set me straight if that's not the general case).

The question I have is, do we sell the house or keep the house and rent it out?

Are the tenants shareholders in the Corp?  

It’s showing as increasing the loan amount although monthly interest payment stays the same? 

Regular smoke detector does not pick up the smoke.

The market I am in is basically the greater Charleston area.

(for the building) What's the site and site work cost? 

It's the focus of most of our RE podcast content, including the featured episode this week, with @Chad Carson, and @Dave Meyer.Curious - why do you think that this wouldn't be allowed on BiggerPockets? 

When we purchased the property, we assumed the property was inspected by the town and therefore their heating and other fire requirements were up to code. 

This waiting period helps ensure that the loan meets their guidelines and reduces risk for the lender.