At Lender's option, a late fee of 5.000% of the installment may be added to any installment not received within ten (10) days of the due date.

You did mentioned you do not have active income so the other option would be doing a cash out refinance to get money out using a Debt Service Rental Ratio loan.

Some channels like Youtube and Google have better segmentation options for real estate.Don't get discouraged.

The area is loaded with men on 1-2 year contracts who have homes some where else and they just need 1-2 years of safe, clean, comfortable housing and the only other option is seedy hotels.  

Instead, the commission is passed along to the investor in the form of increased equity.Most of the time, the REIT has liquidity as an option.

A Solo 401k which is exempt from UBIT on leveraged real estate may be a better option if you have legitimate self employment activity. 

Or, structure it as a lease option that expires in 1 Yr on the new home.

What are some options for MTR rentals for this space.

Network with local investors, understand local laws, and consider owner-occupied financing options.

(You can potentially make more money with smaller lots, but it is good to know your options up front.)It should only take a phone call to your local planning and zoning department to figure out if there exists such a threshold for different subdivisions.