I think "unlikely" is a nice way of saying it. 

I have a close associate with a large project there and the local banks have turned off the spick-et on funding his developments and these are very large multi thousand acre deals.

I have heard of cabin / mountain market STR operators doing some kind of hiking package, or way to connect a guest to a private tour guide for an "upcharge" which gives the hike tour guide an income and the STR operator a nice upcharge too. 

FHA is unlikely to play nice in this situation.Bank statement loans might be an option for you.

@Joel Florek - Nice, I like how you're thinking about it. 

But they could just buy the house or condo next door and go to cosco and spend $10k making it nice like my wife does. 

Here is a nice article from Biggerpockets for MTR 101 https://www.biggerpockets.com/blog/how-to-invest-in-medium-t...

I liked real estate so I got licensed, worked on a bunch of different RE strategies, started developing and managed to get myself stretched thin very quickly again, I basically made the pendulum swing way too far and had to consolidate again to find my path.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.