Hi Treza,Not sure where you are in the process there, but when your ready to exercise financing options please reach out, it's very difficult to find a ground up program for inexperienced borrowers without having an experienced GC sign on the loan with you which in turn is not easy to find. 

Can a down payment assistance program be used with the 203k?

We get inquiries all of the time on Airbnb/VRBO/etc for large group functions at our properties, even if we say in the listing it is not allowed. 

I imagine this is a similar model to Redfin's associate agent program that pays by hour/tour.

Hey Alex, There are foreign national DSCR loan programs available for your scenario: Below are the list of requirements I have found most lenders have : 1.

In many cases bigger banks or lenders have specific programs that cater to first time home buyers and investors. 

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

Most are selling hype to get you to buy their programs by deliberately make it sound easy.Your profile here on BP is blank, so guessing you are a "newbie"?

Glad you found value in the program though!  

With $1100 in cashflow, a skilled investor who understands the section 8 program can kill the game.