It is decent if you are willing for a very long-term hold on the property and as mentioned above, you do need to account for repairs and more that could be possible especially if the area is prone to harsh weather. 

. - Year round tenancy vs STR market with harsh winter - No more rent!

@Harsh DangariaA lot of work to maintain your scheme. 

I don't mean to be harsh here, but you're trying to solicit money for a restaurant venture and have no experience in running one.

I hope this doesn't sound to harsh, but why would a senior lender ever agree to this?

The property is in Muskegon, Michigan, which can have some harsh winter weather.

States without income tax are being given the first looks, minus any that have harsh winters. 

Then use those reviews and bookings to do at least 2 weeks, which even in areas with harsh STR rules (Boston) you would be ok to do.

My statements are always made with no emotional intent and will often come across as harsh to those more sensitive individuals. 

There are harsh penalties for owners, and managers, or management companies if they say no or treat the prospective tenant who is a voucher holder unfairly.