(Non QM means it is not qualified with Dodd Frank rules, but their own rules).

Just be cautious of DTI (debt-to-income) ratios when qualifying for additional loans if you’re relying on projected STR income—most lenders require at least 12 months of rental history.

If not, wouldn't that mean the local area would no longer have eligible voucher holders looking for qualified homes once they run out of funds?

- Do I qualify for for a section 121 exclusion sense I lived on the property for the first 2 years of ownership?

If you qualify, you can use passive losses, like those from depreciation, to offset your active income.

If you intend to occupy this as a primary residence you could "assume" the loan meaning you would personally need to qualify with the existing lender to take on the loan in your own personal name. 3.

Or your inability to qualify for said financing if you had to acquire it yourself right, I mean, no way, of course you have financial capacity to more than qualify for the mortgage financing right.

You do have to qualify and be accredited in most cases to join such clubs, but they do exist.

Do we need to go through the whole condemnation process to qualify the transaction for a 1033 exchange?

Sometimes you have to challenge the SOW and determine if everything really needs to be done in order to attract qualified tenants.