@Shaun Weeks Yes, I underst this would be owner occupant.

But, under state law you can raise the rent with 30 days notice unless they've been in the unit OVER 12 months. 

This information ought to be complete and accurate, as any failure to provide complete and accurate information will certainly cause a delay and potentially be cause for denial.Further, the information provided ought to be easy to verify - this point is crucial and can not be understated.

If anything I wonder if you aren't understating the risk.

I’m a residential superintendent in NYC which requires me to live on-site so, from my understating I don’t think I will qualify for a FHA loan on a multi-family because that requires me to live in one unit for a year.

What follows is my general understating, as a layman,  and personal opinion.The most obvious thing is not to misrepresent yourself as agent or broker, as someone who represents anyone in the transaction.

Needless to say after a few emails back and forth, the scaim begain to unfold,, Red flags begain poping up, once he started asking for money for his consultant,,BELOW IS A COPY OF THE EMAIL HE SENT.I have spoken with the consultant, closing and administration cost will apply as here under stated. 

Your first comment regarding attending city commission meetings seems to indicate that you are referring to affordable housing under state statues (i.e income and other federal/state restrictions).  

The dangers of replacing your entire mortgage with a HELOC can not be understated, or even using a HELOC in the spreadsheet example above.

Economists note that job growth in typically underreported industries fell by 42,000 compared to the 6-month average, suggesting August’s numbers may understate actual gains.Key Employment GainsConstruction: +34,000 jobs, driven by heavy civil engineering and nonresidential trade contractors.Healthcare: +31,000 jobs, though slower than the past year's monthly average of 60,000.Social Assistance: +13,000 jobs, with more modest growth compared to previous months.Other growing sectors include financial activities, wholesale trade, and government (+24,000 jobs).Job Losses and Sector StrugglesManufacturing: -24,000 jobs.Retail: -11,100 jobs.Temporary help employment continues to shrink, reflecting business uncertainty.Wage and Fed Policy ImplicationsWages rose by 0.4% in August, up 3.8% year-over-year, supporting a cautious approach by the Federal Reserve on deeper rate cuts.