If you ever need a hand with funding, I’d be happy to discuss hard money options to help you reach your goals.

For now this is based on trust (no contract between me and her) as we are very long time friends and for me is not really about making money at this point as I'm busy regardless, but more of a help to her.

What other options for lumber are available that would last longer? 

Are these places based on the amount of unrelated occupants allowed?

The rental has utilities paid by the LANDLORD that would increase based on increased occupancy.

I'm sure insurance specialists on BP will chime in with helpful information.I'd recommend seeking another opinion from an insurance agent who can list and explain coverage options. 

The only way to get a standard conventional loan is with US credit, US tax returns etc...Unless you hold funds in a US Bank already and they gave you an in house loan or private loan based on assets.  

Finding a lender who offers less than 20% down for commercial properties, especially in areas like Gulf Shores, Alabama, can be challenging.Seller Financing: This can be a viable option if the seller is open to it.

But if you’re too busy to do that, then a few other options maybe:1) syndication - but you would really want to vet the syndicator and see their track record especially how they’re doing during this downturn.2) Buy turnkey properties that are managed by the turnkey company.

you can do as both an investor and as an owner occupant, based on my knowledge