Unfortunately many lenders will see this as a red flag and may not take the risk to lend you the rest of the money even if you use stated income program or bank statement program but those are for self employed borrowers who have active income from their business but write off to many expenses that when filling their taxes their net income is really low or sometimes negative.

ADR projections in the low $100's and actual in the high $100's in our off seasons and mid/high $200's in our peak seasons. 

The low rise type buildings without elevators tend to have the more relax rules and also the lower assesments, so they can be a good option.

There is a development that is being redone and the price point is low.  

The first-floor unit was consistently rented at a low rate to my family members to provide assistance.

Which banks are allowing low fee HELOCs on properties in LLCs? 

The reason being is that usually the commission offered for tenants agent is low and tenants are usually unrepresented, unlike buyers when purchasing a property. 

The government is now buying housing for low income families?  

If the buyer pays his commission - the offer would be a low ball.Tell him to get a hike...this is no different than mail you are getting all the time:"I have prequalified buyer - just need a house to show"After you list it- it's exclusive with this agent.

Often, those advantages are boots on the ground and market knowledge, which are the two things you have/are working on.I think, in general, you will find all those central Illinois areas provide decent cash flow with low appreciation - generally speaking.