Keep in mind that the reason lenders are so stringent on their conventional loan requirements is because they're meeting certain criteria needed to, potentially, sell your loan on the secondary market.  

Any software you use, you need to setup, implement and be diligent in using it.

Need to investigate the options, please feel free to share strategies you have implemented.

Have any of you heard of or implemented other apartment unit conversions for extra income?  

I plan on implementing on my other properties.  

Current gross rents are $66k/year, but after banked rents are implemented I will be over 1% in the SF Bay Area.Congrats on the sweet deal!

Consistency is key to success when implementing a system like this.The analogy I like to use is that it's a lot like Quickbooks for your construction paperwork.

Unless you are doing a commercial loan or dealing with a portfolio lender they are usually structured to be sold into the secondary market and so the requirements are much more stringent.

The bill is actively evolving and will be implemented rapidly under an emergency declaration. 

@James LeeI would love to speak to you or anyone else looking to get into cash flowing properties about a new program that we have implemented in the Birmingham, AL market.