I recommend comparing lenders to make sure you get some good terms and financing options for your next investment!

The "non conforming" lending options are actually called NonQM (non qualified mortgages).

One option might be to explore adding air purifiers or filters directly into the system to help mitigate odors.

The real work is locating these properties and I've learned the best way to do this is to work in towns/areas that have online GIS systems that map; topography, wetlands, soils, etc. and assessors data available for download either from local sources or listsource.com.  

Has anybody found a workaround for this or would the seller simply have to hold the note long-term without the option of selling it?

You’re in a solid position with this property, and it’s smart to weigh your options carefully.

I have been able to find a couple of options for this setup though, they just require separate leases for each room and sometimes 2-3 months of rental receipts as well. 

We are wondering what would be the best option to do with the property during this 6-7 month period, whether that be Airbnb or what other short term rental options might there be that could make more sense?

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

Kelly, you have many options.