It is better not to get any feedback than getting odd ones;)Trying to buy town home to live in, price wise, between 350k-450k, I have $85k "cash down payment" with excellent credit score. 

@James Marshall  Fannie Mae removed some of the restrictions on transferring to an LLC for more recent loans, but I'm not sure about Freddie Mac (Home Possible is a Freddie Mac program). 

short-term and vacation destinations are in general is most profitable but is most vulnerable at times like now.many places have 30 day minimum restrictions and that trend will continueSo yes corporate rentals are by far the best combo but you may need to do your own marketing/networking to get corporate clients.since i do this as a side gig, I needed to be more passive so I let Airbnb and VRBO do all the marketing for me.  

I would definitely use a fake name on your next listing since you've been getting odd applicants! 

It could be a good deal, but the odd things are there are several containers stacked in the front yard.  

If you are staying with the current servicer odds are that they are already licensed in that state.

Is it restrictive on what the money can be used for? 

Those sound like some serious and counterproductive restrictions.

Not to say a lender would not, but more likely would be if a violation were to exist, the lender may demand you to refinance with another lender but to call the note due, in my opinion, would be remote.The rent capture requirement does seem restrictive. 

It's important to do your homework and your due diligence, and the odds can be beaten.Good luck!