Getting a commercial loan

[Stefania De Vita]

Hi,

I'm new to the BiggerPockets forum, and looking for a little advice on getting a commercial loan on a building. I just bought a house for short term rental (Airbnb) July 18th, 2018. I used a Fannie Mae loan for 330K. Now I'm not eligible for another Fannie Mae loan until I can show 2 years of rental income on my taxes. I've recently found out banks are stricter with short term rental properties than they are properties that you have a year lease tenant. Prior to buying my Airbnb property I bought a commerical building on a land contract. I now need to refinance the building I have a land contract on or my intrest rate will balloon from 6% to 10%. The issue I've run into is that with a commercial loan, you can't occupy 50% or more of it and qualify for a commercial loan. The upstairs is 1850 sq ft finished as an apartemnt, and it's where my family and I have been living for the past 2 years. The first level we are in the process of finishing and opening up a electric bike and kayak rental business out of, it is also 1850 sq ft on that level. So, would I be able to rent the upstairs apartment to myself if the building is in an LLC? We already have it in a series LLC with our Airbnb building. We can't get another mortgage to move out of the commercial building right now, and year lease rentals are basically non-existent in our area (at least ones that are the size we need). So our options are very limited. Any advice would be greatly appreciated!