In short: $4.25M Purchase Price. 15% down. 3.25% with seven years remaining. 

They can include foreclosures, short sales, or properties owned by motivated sellers.

As someone starting out in Philly (long distance from VA), this is a very useful reference point.

I also require additional security deposit and sometimes a guarantor if they were approved in this manner.I also agree that this situation sounds like a pattern not a one-time mistake or short term tough situation that caused this.  

For instance, properties with an accessory dwelling unit (ADU) on the lot that can be implemented as a long-term or short-term rental can perform exceptionally well.

Tourism keeps short-term rentals booked, while long-term rentals offer solid returns at a lower price point with steady demand.

Wow, so many accomplishments in such a short time!

That is why flipping, short term rentals, and other strategies aren't as appealing in the short term. 

just double checked my lender is now 80% LTV for short term rentals only 85% for long term rentals

Excess depreciation could be suspended as a passive loss unless you qualify as a Real Estate Professional (REPS) or materially participate in a Short-Term Rental (STR)—which would allow you to use the additional depreciation to offset W-2 or business income.