@John Farino Unless you are somehow morally in conflict with this for your own (odd) reasons, why do you care?

I was considering going to another lender to attempt to secure the 75% however my question that I am wondering is if this second lender or any other lender will be restricted to the same Fannie/Freddie guidelines?

I'm very new to BP and real estate in general and I'm finding it very nice but odd to me that I'm getting contacted by so many nice people offering advice.

I spoke to the township's zoning official to confirm I can maintain the existing units within a single family zone,   ( i guess that's grandfathering, not that word was never mentioned during our brief conversation)    I am trying to contact construction official regarding limits or restriction on renovations/expansion. because of your advise, now I will make him aware that this is a non-conforming property  (glee-asking the correct questions can avoid a serious error later) I recall at one time,  California allowed one to demo all but one wall and the original foundation and it was still classified as a renovation, but this is NJ not CA  Another thing i am wrestling besides not losing this opportunity if I am too slow to act, is my exit strategies.  

I'm 23 years old and currently living with my parents working odd jobs, have an associates degree (in liberal studies.. yay), 0 debt and perfect credit. 

Odds are this house on monticello will sell in the high 70s....not sure how you compare to 1531 Bavon Dr though that sold for 66k and rented for 925/month it appears.    

Now, these conditions are normally restricted to buyer (or immediate family) taking residency; demolition; major renovation, etc.  

Don't know if there are age restrictions.

I've tried looking on my own but it's a challenge trying to weed out the communities with rental or age restrictions.1.

If wage growth becomes more wide-spread, doesn’t that increase the odds and magnitude of the Fed’s actions on rates?