Are you looking to hold it or flip it too using a Sandwich LO? 

I do not know much about DIVY or what I can do as an LO with a DIVY loan.

Kepp doing it for a year or so or until you make about $100K then use your profits to buy a loing-term wealtrh building asset.

I've written many LO agreements as the Optionor/ Seller of houses.

I've found LO to be simpler than wraps.

What is this LO trying to pull?

when I sold some of my REO's i had on the books a few of them went through Naca and they have been around for decades and lo and behold when I saw the docs B of A was the lender and these folks go in with no downpayment and seller ( me bought down the interest rate) to sub 2% .. heck the insurance cost more a month than the mortgage. 

Being a LO that works mainly with investors, a lot of the properties that I see that have a STR history, are performing better than the rental estimate.

@Scott Sloan   I would echo Chris in that it would make me very nervous that you had to coach your originator about Delayed financing which is a concept every LO should under stand backward and forwards. 

I can tell you often this kind of info is kind of like the kids game telephone in that the reason gets passed down from the underwriter to  original LO to the  buyers agent to the listing agent, to your real estate agent etc etc and by the time its get you the real reason is obscured or at least twisted a bit.