They'll base the loan on the income produced by the property not the borrower. 

I'm assuming that since this is your home that you are paying for all utilities? 

I'm not sure of the section 8 codes since I have never had to utilize them.I would be concerned about liability of listing something as a bedroom that does not conform to code. 

We've never considered purchasing a second property and not having it be an income-producing property while we own it.

Worksheets will be utilized by tax software for that part.

I would probably polish up the brass and keep it in the dining area.Similar styles at Pottery Barn & RH sells for $$$https://www.potterybarn.com/products/gemma-crystal...https://www.restorationhardware.com/catalog/produc...

Probably closer to 7.5% each.You should verify the taxes through the town.Any shared utilities that you'll have to cover?

It’s currently vacant and needs 20-30k worth of work to be completed tenant ready.After monthly payment, insurance, tax, and utilities that I would have to pay the expenses are around $1700 / month.It’s a B - neighborhood but lots of new houses going in all around for 300k+.

Our insurance covers lost rent (but not the utilities during the untenable period).  

A new voucher to move won't be issued to the tenant if they owe the landlord or a utility company.