We're underwriting a 21 unit package in the highlighted red area in L/A aiming to apply the same approach.

@Nick Hawkins as mentioned above "gifts of equity" can only be applied in owner occupied scenarios.  

Linville to Apply State is pretty easy.

I'm assuming during these tough times I don't believe banks would still manage to be greedy at this moment. but who knowsQuestion 2) When scoping out the property, I noticed on the website it had the tag "SPECIAL SERVICING CONDITIONS APPLY" I did check bigger pockets but I don't think I understand can someone please explain this?

Typically, the same applies to LLCs where you and your spouse are sole members (single or multiple member LLC).

Here's what my insurance provider told me:----------------------------------------------------------------------------------------------------------------------------------The damage would fall under the liability portion of your policy.If you knew that the water heater was going bad and didn’t take any measures to have it repaired/replaced, then you would be negligent and the policy would cover it, less your deductible that you're responsible for.If you didn't know that the water heater was going bad, then you weren't negligent, and liability wouldn’t apply.

Now when doing a quick look at MLS properties are there any “Rule of Thumb” that apply like the 2% rule or 1.5% rule or anything like that when looking through.

If the property has current income, and it is enough considering the debt you are applying for, they will use the income of the property.

This applies to all judicial and non-judicial foreclosures.

There are some projects that I’d like to do (between the 5/22 closing and 6/1 when tenants move in) that will require a building permit — can I apply for a building permit so that the whole approval process can start now so that we’re set to move forward with our projects once we close?