From the sound of it, I'm gathering your advice is have her rent it for a shorter duration, renovate it asap then put it on the market for the higher amount. 

Yes you will pay a little higher interest rate.

It's important to note that interest rates for land loans may be higher than those for residential homes.Utilities and Access: Many rural lots in Fairbanks are off-grid, so buyers should consider whether they need to drill a well, install a septic system, or bring in electricity.

(Probably a better deal for an investor than an owner occupant as my rate would have been 1/2 point higher than owner occupant.) 

It considers factors relevant to renting, like payment history and outstanding debt, so a low ResidentScore can indicate a higher rental risk even if it’s not a traditional credit score.For declining an application due to a low score, here’s a respectful and straightforward way to word your response:---**Dear [Applicant’s Name],**Thank you for your interest in renting [Property Address].

And you can do quick upgrades, repaint, etc and get higher rents.What I would want to know is why they are moving out? 

The mortgage from the cash out is the Lien and can be set up in an LLC or vested in your name.DSCR is great and offers 30 year fixed, 5/6 ARM even a 40 Year I/O Interest Only fixed for the first ten (10) years.Much better than having a smaller Heloc $20K+ which will have a higher rate and a shorter amortization.

Not sure what you plan on doing for active income when you retire but also the higher the income the better.

One hour in each direction of where you live will surely have similar opportunities and a much higher learning cycle for you.

There are some forms of income that do not require any receipt to use which are some of the above (full time job just offer letter or ownership of newly acquired rental property (lease agreement + security deposit/rent proof only).If you dont plan to go back to full doc then stay in the no income/state world and the premium for these products varies between 1-2.5% higher than full doc fannie/freddie/FHA/VA rates but pros and cons right?