You said public water was available...would the lots require a septic system to be installed or is public sewer available? 

But, today, most judges are requiring a GAL anyway.

Originally posted by @Jack Grove:@Okansa Patrick Were you required to utilize a hard money lender when dealing with New Western?

Think about it, why do people do Airbnb........make more money, however they have higher vacancy rates, and more management required.  

I may be able to STR a spare bedroom but that would be for later.Background: A fixer upper, but I do not know how much fixing is required. 

Most hard money lenders require 10-20% down payment of the purchase price or total project cost.Holding Costs During Rehab: Yes, you'll need to cover carrying costs, including hard money interest, utilities, taxes, and insurance.

Ultimately, I do think S8 requires scale and lots of efficiencies but has its benefits. 

The vacation side is more of a business and requires a lot more work but the affordable housing side is less labor intensive. 

But It requires an endorsement.

As Jonathan mentioned it can be done, but they may require an appraisal of the property.