Make sure personal property, business income loss, cleanup cost, etc are covered.Term life insurance.  

This can be a compromise if not aligned with long-term vision.

Is only sheet rock .Like one of the colleges said for a rehab and flip is a great deal.Now if you purchase to live in it ..Definitely a loss.

This means I will take a significant loss to ensure investors do not lose their initial investment.   

Please make sure your losses are not limited under PALs.This post does not create a CPA-Client relationship.

Check with a tax professional.You can manage your taxes if you do cost seg on the vacation rental and use the losses.

That's fine, i mean the profit and losses I've seen are pretty legit breakdowns.

What was your vision back then, and how far have you come since?

My mortgage and escrow don't allow me to consistently profit enough on both floors to handle a 20% management fee and not take a loss some months.

However I wouldn't expect this to stop you from getting approved, but it may mean you should consider looking at alternative options or structure the deal in a way where you won't be caught with a net loss due to the PPP.