@Van Lam I had a client just run into this recently.  

Like you, when I'm working with clients I highlight the key advantages of the conventional rehab loans (Fannie Mae's Homestyle and Freddie Mac's CHOICERenovation) are:- They can be used for investment properties- You can include luxury items- They have a higher limit – $806,500 in most places.Jeff

Once in service, expenses become deductible, reducing taxable rental income.This post does not create a CPA-Client relationship.

The tech industry and manufacturing growth in Reno also provides for a different client for short term rentals, something to look into.

Majority of clients I work with today need proximity to NYC and are looking to fast track their real estate investing Journey. 

We have about 10 clients in your situation.

I have had a couple of clients just get the loan approved with the long term rates and then the bank really doesn't care how they get it rented out after.

Quote from @Preston Dean: Quote from @Michael Ewers: Quote from @Preston Dean: Hi @Michael EwersI have had a few past clients from Cali call me saying "I sent post cards to home sellers and I have someone who wants to sell, can you help me with pictures and videos" I think their method was just mass mail and they got a few hits.

Usually I don't like to buy or recommend to my clients to buy where there is a lot of new constructions going on that don't have a cap on how many properties they sell to investors.

I have several clients who live overseas and when these guidelines were updated, we had to switch their financing strategies quite a bit.