No rules to follow on HM investor loans lenders make the rules unless your in one of the about 15 states that requires a license then there is just a few simple docs that must be signed by the borrowre.

If you don't meet that 12 month seasoning requirement and/or want to hold the property under an LLC, a debt service loan may be a better option.

I have a few dozen rental homes, and I've found that the only master umbrella liability policies my agent can find now require $1 million underlying liability coverage on the landlord policies.

The lender had their own unique requirements. 

Since you’ll be saving your own living expenses by living in one of the units as required by the VA (to the best of my knowledge.) pretend you are paying rent and it should make your numbers look much better. 

@Jaycee Greene  they require a non refundable deposit and give 48hrs to see proof of funds 

You want a design that stays relevant, withstands high turnover, and doesn’t require constant costly updates.7.

When you finance through national lenders, in your experience, is a balloon a common requirement for commercial loans of this nature or is it possible to get a fixed rate for 30 years?  

Malibu allows it but requires a 15% "hotel tax" on the gross revenue.I would recommend looking out of state or underwrite the property as a long term rental in the event laws change.

This requires some effort and not just relying on a reference from someone or a quick glance at their fees.