Private lenders tend to focus more on the value of the asset or project rather than your credit score or financial history.

The lender did not use a servicing company, and the pay history is being contested (which should be easy to prove)2.

A general rule of thumb though (not a hard rule) is that if a market has a prolonged history of vacation rentals such as towns whose commerce is very dependent on tourism like beach or mountain towns, then there is a good chance than those towns have established their airBNB regulations decades ago and are likely stable.

Most S8 tenants have a history of bad decisions, often having convictions, evictions, bankruptcies, chargeoffs, collections, garnishments, etc.

(Minimal competition, high demand, and 20 year operating history with repeat & longterm clients) Agreed!

If you ARE occupying, you'll need to be able to qualify using your income, employment history and DTI.

A simple baseline plan might’ve steered him toward properties with more reliable maintenace histories or a stronger neighborhood profile, saving him a lot of sweat.

They already have a track record (good or bad) with you, so you can decide based on payment history, inspections, etc.

Verifying last 2 years of rental history very important!

We’ve since implemented stricter due diligence practices, like deeper tenant screening, verifying payment histories, and cross-checking financials with third-party records.