The work around is part of the application process is to tour the property, but still, why put yourself in that position?

I fairly positive that wont work, i have read that contacting mortgage brokers is the best way to go if you can find one.

If electing S Corp status, pay yourself a reasonable salary to avoid IRS scrutiny.To be honest with you, you don't need any kind of Corp for tax savings unless you reach a certain amount of net income.

Look for the positive in all situations. 

With $110k cash, you can easily buy 2-3 positive cash flowing rentals here. 

@Kenneth Joseph PerfidoFrom my experience, you’re in a great position with your Newport property, strong cash flow, and a low 2.8% interest rate.

I admire your steadfastness and perseverance during those volatile, uncertain times and continuing to have a great, positive attitude.In regard to REI investing currently - There are great real estate investment opportunities across different markets, especially in the Midwest and Southeast.

I position my inspections as 'planning for future repairs/improvements' which mitigates that whole 'he's here to get my security deposit' mindset.And, I would rather have the tenant with me than to have him later claim that something was broken during the inspection.  

Multiple professional references, when addressing this issue, carefully state: "the IRS position is..." - which to me indicates the same doubts that I have about the legality of the IRS position.Until the IRS is challenged in court over this position and loses, I choose to comply with their position.

If I were in your position I'd fill it with my own furniture and not overpay for a property.