Educating your borrowers about loan terms and financial planning can go a long way in building trust and satisfaction.

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Like everything else in Real Estate, you just need to negotiate the terms, length of loan, interest rate, early payoff, etc. 

If you don't allow them to stay, they will likely need to go to a long term stay hotel or something else similarly expensive PLUS pay for storage for their belongings, PLUS pay to move their belongings twice rather than once.

We are thinking that a Hipcamp would do very well because there aren't any good ones locally and we've already had success with short term rentals.The land is $125,000 and we don't have the financial ability to purchase it or do a down payment right now.

Typically, though, the terms are spelled out pretty well...at least I know they are here in our Florida contract.

I will be owner occupied but I can give more details after while. 

I think the answer to this question really depends on a few factors such as your current unit count, location of your properties, long term goals, and how much of your income is based off of your units. 

Corporate leases typically provide stable, longer-term tenants, while Airbnb can yield higher nightly rates but may involve more management and turnover.

They can close in less than 2 weeks but without seeing the deal terms even if you are a stellar borrower they can’t fund guarantee they’ll lend.