Some lenders will not accept appraisals that were ordered by another lender or are beyond xx months old.

My original loan amount is $323K, balance left $319K at 7% and 28 yrs and 8 months left.

My brother would be staying 3-5 months of the year, while other time I would like to rent it out on Airbnb.

bottom line  BAD ACTOR GUILTY as charged is my thoughts.

You have to be ready to make 3-6 months of payments on the mortgage yourself after they stop while you try to foreclose/evict them.

For example, will they look at the T12 (Trailing 12 months), or something shorter like a T6 or T3 (last three months).

@Yooni ChoiFor a first property, $100/month in cash flow might not be ideal, but it’s acceptable, especially with a house hack.

Focus on areas with strong rental demand, like Broad Ripple, Fountain Square, or near universities like Butler and IUPUI.Maintenance Costs: Indiana weather can be tough on properties, so budget for seasonal maintenance like snow removal and HVAC servicing.Additional AdviceKeep an Emergency Fund: Unexpected repairs or vacancies can arise, so having 3-6 months of expenses saved will help you weather any surprises.Build a Reliable Team: I have lists of contractors, handymen, cleaners and property managers if you'd like me to send.Good luck with your property and future expansion!

This is usually a 12 month commitment that is "Interest Only" and after you finish the rehab and get a tenant, then you refinance into a DSCR loan.

BUT if you bought R.E. with that, down the road, it will kick out $ month after month after year after year.