Mortgage advice from that source be like:Hopefully OP you are not delaying the process unnecessarily by refusing to sign paperwork until your loan officer is fluent in the incorrect definitions of words as used by BP, because you will likely be significantly delaying the process if you do, unless your LO is on BP (nothing wrong with that if she or he is :P ).EDIT: OK, reading the above comments from other mortgage folks, I guess the realtors aren't to blame, now I know where they are getting their bad info from.

I would say make sure it is a deal you want to pursue based on your objectives (cash flow , principal pay down, tax benefits, etc).Depending on if the property is owned free and clear OR you are doing a wrap mortgage, I suggest speaking to an attorney to get the correct paperwork in place.I know you said that you will wait to get a lawyer involved, but I believe you need to have the correct paperwork ready to get it under contract. 

We do the work, you earn the daily payouts as the renter pays.We specialize in long term rentals so its pretty common have one renter for months at a time.Based out of South Atl, Ga, we house and operate your vehicle out of our Club House where we handle the maintenance, daily communication with renters, and paperwork! 

It basically means that the filer didnt have something right in their paper work and they have been given another chance to re-file in the future.

Spending $1500 on a real estate attorney for paperwork review will save you from a $100k headache down the line. 

Only reason i post the last post, some people would interpret (wrongly) that you specifically saw Air BNB on the paperwork.

A DSCR loan seems easy to deal with with less paperwork, depending on the cashflow of the property instead of income which is preferable for me.Thank You!

Yes - you should be able to get a less than 20% down payment conventional loan from a local back assuming you qualify DTI, credit wise etc.However, there is a great option called a "DSCR" loan that is in between the conventional loan structure (hard to qualify, lots of paperwork) and hard money (really high rates). 

I am in the process of completing my commercial loan paperwork, and my question is: Where do I find investors for the down payment if friends and family are not an option?

When you deal with a mortgage broker, they act as your advocate and help you round up the paper work and if they see something going sideways with one lender, they can usually slot you in with another one really quick without skipping a beat.