Their fees and interest rates were high, but they had the least restrictive approval terms from what I gathered.

I’ll be developing more and more and as such looking for a long term collaboration.

And then go back to the broker/lender once you are serious or have it under contract about the deal for exact rates and terms

What’s not working right now is traditional long-term rentals—high interest rates have crushed a lot of those deals.

I figured the term would be exclusively licensed but I may be mistaken. 

2) The minimum hours required are 750 hrs, but if running a short term rental, 100 hrs is supposed to be adequate, is that still true ?

I have experience handling this in Michigan with my short-term rental.

While you can start with a written agreement, a professional document will help protect both of you, particularly in terms of ownership, responsibilities, and profit-sharing.

This works best when the seller is motivated and open to flexible terms.4.BRRRR Strategy (Buy, Rehab, Rent, Refinance, Repeat)– If you find the right undervalued property, you can finance the rehab with short-term funding and then refinance into a long-term loan, pulling most or all of your money back out.5.House Hacking– If you’re open to living in your investment, you can use an FHA loan (as low as 3.5% down)to buy a multi-unit, live in one unit, and rent out the others.

Sometimes I've heard of PMLs doing "creative" financing like this where maybe they do a very short-term loan that can be paid back once you sell the land.