@Ricardo Matos yes, i think they are still processing the applications that were in progress, but not accepting new ones. 

What is the minimum amount of profitability acceptable at a $60 million loan volume4.

Quote from @Jonathan Bombaci: @Scott Trench Challenge accepted!

There is a distinct difference in the law between short term and long term rentals. 

Hey friends, I'm an agent in Daytona Beach and I locking in my first short term rental listing.

The sponsor if they even consider allowing you would be a huge red flag for me knowing if they will accept non accredited investors what other rules are they breaking. 3.

So i put in an offer for 10% down conventional loan, $530,000 with 10k back to me for closing costs and it was accepted right away.

Could be a business decision based on keeping long-term high quality tenants rather than risk the costs on turnover. 

., pool)-LandscapingNot Acceptable Renovations:-Commercial Use (e.g., turning a residential property into a commercial property)-Temporary Structures-Non-Residential Buildings (e.g., barns, stables)FHA 203(k)Minimum Down Payment: 3.5%Minimum Credit Score: 620Minimum Loan Amount: $50,000Maximum Loan Amount: $524,225Occupancy Types: Primary Residence ONLYUnit Maximum: 4 UnitsAcceptable Renovations:-Structural Improvements/Reconstruction (e.g., adding rooms, bathrooms)-Cosmetic Enhancements-Eliminate Health and Safety Hazards-Energy Efficiency Improvements-Major Landscaping (e.g., grading, tree removal, adding walkways)Non-Acceptable Renovations:-Luxury Items-Commercial Use-Temporary Structures-Non-Residential BuildingsBoth of these renovation loans are similar in many ways, but the key differences are:1.

Although these platforms tend to accept bigger deals from sponsors with a lot of experience.