STR to primary residence for asset based lending

[Allen L.]

Hi,

I am relocating to Austin TX in 2 years and I would like to purchase a SFH in an A area now, to participate in the Austin RE market, using STR to pay for the mortgage. However, I have a few questions, and I wouldn't mind jumping on a call with a few local agents or operators if possible.

1. I maxed out my Fannie Mae loans so this would have to be asset based lending. Do they underwrite for STR income?

2. Would I have to refi into a Fannie Mae primary residence loan product once I decide to move into it?

3. What are some good areas for STR? I am looking in the North Central region since that's the closest to my work.

4. Do single family communities with HOAs typically allow for STR?

Thank you