What made you interested in investing in this type of deal?

Youtube is great - you can learn many different things from what neighborhoods look like, how to fix a part on car, make a certain type of dish/meal, understand a concept..etc

What made you interested in investing in this type of deal?

This is generally code for they invested $25k in a sponsor's project among a few million dollars of syndicated preferred equity capital and it generally is in some type of hoped-for reposition project. 

What type of rents are you getting? 

If you know your personality and you’re more rigid and unbending then I’d recommend a duplex/multi family type of situation.

You must show some type of proof that you work remotely and plan to live in the home.

I share that personal story, not to throw shade on any who have had a bad experience with bad tenants on the program, because they do exist, but to shed light on how effective and life-changing it can be when the users leverage it as intended, and the landlord also gains by housing those types of tenants.

He finished the installation with an experienced floor expert, but he did not get a plank type floor.

I am no CPA but my understanding is the same as yours, that the type of mortgage is completely irrelevant to how the IRS classifies the property.