For additional context, here’s a snapshot of our financial situation:We’re paying the mortgage on our primary residence.We have one car with ongoing payments.I anticipate it could take up to three months to find a new job.I’ve already applied for unemployment benefits (in PA) and am waiting for approval.I’d greatly appreciate any advice or insights.

Quote from @Glen Wiley: I am not a big fan of those rules - I think they are too simplistic.What will your interest rate be?

Told him I have a rule never east anything out of a frig with the electric off for 6 years!

Chase also has good CCs at 0% interest also, but you’ll need to meet their 5/24 rule for approvals.

I have a rule , never do business with family or friends .

If in the rare chance they do allow short term rentals in the HOA rules/regulations and association documents, don't be surprised if they change that ruling after you buy. 

FHA has a self-sufficiency rule that makes it difficult unless you put A TON OF MONEY down.

Asking in the correct forum will get a better response.Read the RULES!

There is certainly room and reason to apply different approaches and many different approaches can work well. 5.

The localities cannot be more restrictive than the state rules.