They will go up to 100% loan to value or LTV (or used to). 

But if you want to free up resources for other opportunities or simplify things, selling might make more sense.

I want guests to do their laundry throughout the stay and keep up with the dishes and trash :-).I also fill my K-cup dispensers between guests.

Sounds he’s not interested in going through the rent up stage and being an operator.

If convicted of bank fraud you may be facing large fines of up to $1,000,000 and/or imprisonment of up to thirty years.Posted without comment.Okay, so one comment:Just because someone in your community says it's okay to do, better clear it with the feds first, or you may be talking with them later..This reminds me of a Subto in California that went bad and wasn't handled correctly. 

My opinion is that it's totally up to you. 

.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

Closing costs + rent ready costs + lease out costs - those you need to be compensated for and new investors are always surprised that they can add up to 5 or 10 or 15K.  

You might want to partner up with a friend or family member to mitigate the costs.

Then once you've fixed the property up and at least have it listed for rent you could refinance into a DSCR loan.