I went into two of my listings (one with a flexible cancellation policy and one with non-refundable) and it is pretty clear what the terms are BEFORE booking.  

Starting with non-performing paper can be tough.

Personally for our company, since we entered the 1st lien space a few years ago, product availability with 2nd liens isn't a huge issue.

Someone has a gas stove and the new rental only has electricity; someone has a 33 in fridge and only a 30 in fridge fits; counter space is cut for slide in, not drop in; etc.

He has only done single family (non investment) properties.

If they are on different tax parcels, I will use DSCR for the non-primary deals and then FHA or UDSA (assuming it is rural) for the owner-occupied one. 

IDEALLY, we would like to find a property that has or is capable of being converted into a “mother in law”, “ADU”, “Casita”, or any other separate living quarters in which we could rent out the main portion to a tenant (short term or long term) and then use the separate space as our own for when we come and go with business.

I was advised it would be beneficial to have a reason for non-renewal in New Hampshire in the event that the tenant fights it.

That ends up leaving a void that's filled by unprofessional, and in some cases outright criminal operations there in the PM space.

I've wondered about some sort of artists'/musicians' retreat space, but not sure about the numbers of that.I would love to hear your ideas!