Have you asked if there are any deed restrictions on the property?

Owner occuppied loans regualted in every state .. must have state license and NMLS registration.NON owner occ loans on 1 to 4 units are regulated same way in about 15 statesin the other states they are unregulated.Keep in mind though investor loans do not follow the same rules as owner occ and rates can change charges can change closing dates can be blown through etc

My last note would be to try to buy 3 or less replacement properties, it makes the exchange much easier and you avoid some additional rules.

Even in philly in D class area it is tough to hit the 1% rule.

Zoning- certain towns are starting to restrict Airbnb type rental units.  

Consulting a tax professional or financial advisor familiar with these rules would be a wise step before making any decisions.

Instead, you need to meet the material participation rules.

Our Private Message system rules do not allow solicitation.

You might find a local credit union or community bank that will go to 95 -100%.At one point I called 2 different VA Regional Loan Centers regarding this section in the VA lenders handbook:Assumability - The second mortgage should not restrict theVeteran’s ability to sell the property any more thanthe VA first mortgage.

You could also check out options like Cozy or TenantCloud for similar features.When converting to LTR, just keep an eye on local rental laws, lease terms, and any rent control rules that might apply.