Reasonable on Price and paid on installments or milestones.Licensed, Liability and Workman's Comp Insured for him and any Sub-Contractors used to complete Rehab.Any information or leads would be greatly appreciated in order to save time and money for our Fix/Flips.

I’ve also been in touch with a company called Maintence supply headquarters, that provided me a very reasonable turnkey materials quote for each unit that included everything from door hinges to full appliance package.

If you are an independent contractor with multiple years operating in your business and reasonable consistency in that income (you don't have one year with $30K and one year with $200K and are trying to claim you make $200K) then you need to keep calling lenders until you get one who can work with you, in my opinion.If my real estate side business and my book royalties from Set for Life (next year) can help me qualify for a loan, in addition to my W2 income, then I don't see why someone with consistent income from self-employment is having trouble -- perhaps the trouble is more in demonstrating consistent income from a sustainable source? 

I've also debated on looking more towards the UofL campus as well, theres quite a few duplexes that are reasonably affordable, but can't decide which is the best place to begin.

What might be reasonable?

Seems to me the only reason you should use the commercial lender at those rates are if the house will not qualify for a conventional loan (foundation, roof etc) or you have no extra money for the rehab.

They must have had a reason for requesting conventional financing, I can only speculate so far but those are my best guesses. 

But in talking to lenders, I learned they don’t accept rent from spare rooms because it’s in my primary residence, the reasoning behind which I don’t understanding since that’s an extra $2650/month in addition to my W-2 income.

Seth Nadreau I understand that interior finishes and the breakdown of the space used can be a big differentiator (a large living room is worth less than a living room + additional bedroom or bathroom) — but are there other reasons someone shouldn’t considered price per square foot?

We run trust paperwork past a staff lawyer for approval, and not a mortgage underwriter, for this reason.