It was sitting because it was way over-priced and they wanted to sell it as a package with the house they owned next door.

I’ve recently encountered the same and am in the process of investing.

Their coaching program pricing appears to be reasonable compared to other programs, that lures you in then upsells participants to their 50-60K packages. 

There are many Business Loan Applications, which are virtually identical and carefully worded, that you can find online.Hopefully, your lawyer includes a Certificate of Non-Owner Occupancy in your loan package, and language to that effect is liberally mentioned in your note and mortgage/deed of trust.Consider obtaining a script offered now by some lending attorneys that you can use to interview your borrower about their intent during a recorded Zoom call.

If not, then it's time to update.BiggerPockets has a Lease Agreement Package under "TOOLS" at the top of your screen. $100 for a lease and several other documents (FREE FOR PRO MEMBERS!)

That’s why you’re encountering leverage issues.

Any challenges or unexpected hurdles you've encountered?

Each shipment will have a specialized shipment number, by which you can track the location of your mail package in the United States.

What hurdles have you encountered so far in securing financing?

@Cristian Iraheta, I can't recommend a contractor but wanted to ask if you are aware of some of the issues you may encounter with this conversion. 1.