The seller's main concern is that you are a qualified buyer who can close the deal.- The lender: when applying for a primary residence mortgage loan, you are typically required to intend to live in the property as your primary residence for at least 12 months.

The 8 mos isn’t quite long enough to utilize just the STR income to qualify but many lenders allow AirDnA projections to be utilized as the income to qualify.

Is it possible to rent the mobil home to section 8 tenants even if you have to rent the land the mobil home sits on, or does the land have to be sold along with the property for it to qualify?

DON'T trust a 3rd party on the price unless they have a scope of work from someone qualified to do the job to ensure the quote. 

Hey Arvin - cabins can be hard to qualify.

Hi Tim,I've seen rates in the high 7s to high 8's for full doc programs if the property debt covers, high FICO, liquidity and property qualifies.

Usually if the owned properties are held in an LLC they do not need to be factored into the qualifying ratios or required reserves. - The majority of commercial loans are closed in an LLC.

They expect to not qualify on a loan (since income is likely too low) so my siblings and I want to cover it.

I don't wanna waste time if I know they aren't gonna qualify, but I don't want to be accused of violating fair housing laws here

A successful BRRRR without the tailwind of market appreciation during the renovation period is really, really hard unless you have cash to buy a place that does not qualify for conventional financing, ways to source off market deals with some real issues that you don't mind taking on, and/or access to a crew or cheap labor (could be DIY).