It is required to be a street legal vehicle. 

If you want lenders to consider the new value, you can do a cash out refinance after satisfying the seasoning requirement.

We are considering taking out the required cash to make up that total from our savings, brokerage, and 2x TSP loans from our individual accounts.

You want to ensure that your lender is doing their upfront due diligence on the deal, has programs to get the deal done if the final numbers come in different(low DSCR requirements, favorable rent guidelines, etc), and is offering you excellent customer service.

To begin, it's important to familiarize yourself with the requirements of the Section 8 program, conduct thorough research on the local market, and connect with Section 8 offices.

Housing is always a plus and depending on the location the city might be willing to reduce required parking for the location depending on the circumstances, street parking, or walkable public lots. 

Also, in the right areas in Tampa it seems that a STR could be great, and my fiancé does have enough free time to cover the extra time-commitment a STR would require, that part wouldn’t bother us. 

Some will accept lower FICO scores than others, some require that you close in an entity, some won't allow first time homebuyers....just some things to keep in mind. 

The attorney's I use have stated that the online sites do not technically supply all the information required in the bill and stated that if the landlord wants they can probably not accept any of the current online sites like Zillow.

@Danae Pitcher, my STR requires a different policy through a different insurer, my LTR policies and umbrella won’t cover STR.