As Jonathan mentioned it can be done, but they may require an appraisal of the property. 

A higher LTV generally requires a higher DSCR ratio such as 1.25 instead of 1.

OccupancyMost lenders require a minimum occupancy rate of 85%.

Also, are you trying to avoid one with an ice maker--potential here for additional maintenance if any issues arise.I've had Whirlpool, Samsung, Frigidaire in properties without any issues.Make sure you're aware of what the manufacturer warranty covers things such as parts, labor, and compressor.  

I make sure I screen each potential tenant thoroughly (background and credit checks) and require references.

.: In a prior post from about 2 months ago, Kerry Malarkey and Nathan Gesner mentioned a small landlord is exempt from FHA requirements requiring the acceptance of emotional support & assistance animals if one of the following is true:"Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at once" (Quote from Nathan's reply))https://www.biggerpockets.com/forums/52/topics/1219359-pitbu...Given this, if a landlord does qualify for the exemption, what exactly does this mean? 

That requires you put a lot of time and effort in coming up with a sellable plan to convince them this is the right move. 

They'll roll up good reviews quickly and organically.Don't worry about manufacturing reviews.

If it’s tied directly to the lender as part of your mortgage agreement, you’d probably need to negotiate with them or refinance with a different lender who doesn’t require that restriction.However, if the restriction is part of the property deed itself and was placed by a previous owner or another party, it can be more complicated.

The vacation side is more of a business and requires a lot more work but the affordable housing side is less labor intensive.