If not, just look around locally and see if you can get approved before you do anything else.  

Look for 1 bedroom/2bathroom or 2/2 cabins.1/2 cabins will often rent like a 2/2 but only be approved for a 1 bedroom septic.

The biggest issue that I'm finding for getting approved is my employment history as I recently started a company within the Real estate investing and property management industry.  

I have some very bad tenants who are not only not paying rent but they are bringing all kinds of trouble to a very nice residential street.. subleasing my house where my lease clearly states no subleasing of any sort - They already acknowledged while I was away for a year due to Covid they had brought in another person who is not on the lease and I never approved off to live there permanently..They are bringing in prostitution!

I would have a lien on the property then have to subdivide and then get approval from the lender who has my mortgage wouldn’t I?

Investing passively in a group can allow you to invest in multiple asset classes (apartment/mobile home/assisted living), in multiple locations and with varying business plan duration. 3.

I'm not aware of any SBA lender that would approve a commercial loan with 0% down3.

When I got pre approved 2 months ago the purchase rate was 4.75 so it had a recent steep decrease so these numbers can change fast.  

But if the deal works without the third unit being added then sounds like a good deal and if the city approves that third unit then it must be a homerun.

I would recommend going to local meet ups and to start making phone calls with lenders and getting pre-approved to understand your budget.