Short term rentals usually price best 65-70% loan to value but if the cash flow is very strong to support a higher rate up to 80% is still possible these days (not common though).Best of luck.

It is going to be a VARIABLE rate and is typically higher than a cash out refinance. 

When tenants are so far behind, there's a good chance they can't afford market rates.

I am currently looking at buying a new construction home as a long term rental property. sales price $214000. first my lender told me I can do 0 down. and I am really excited about this deal. but later he told me that am not qualified for 0 down because of my income. the other option is that I can do fha with 3.5% down, 6.125% interest rate. cash to close is $14000. my monthly payment is around $1575-$1590.it can at least rent for $1700 as a long term rental property.

I have no idea about occupancy rates, management fees etc.

Just trying to figure out our options here, would love to keep the interest rate if possible for obvious reasons.

We use cheap charcoal ones and budget for annual replacements.

I would bet good money that they are paying below market rates.In case you missed it: get rid of them.Spruce the property up, study the market to determine a fair market rate, and find a renter that is willing to pay the market rate, pay the deposit, and abide by your agreement.Not everyone is cut out to be a good landlord.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

I might start by calling  my insurance agent and asking how this will affect my culpability, not to mention rates.