Now, this doesn't do anything to change primary residence requirements for short-term rentals. 

Long store short, I have a duplex on a 45 acre farm in rural Virginia.

Becasue they are not professional lenders, they may be willing to give favorable terms with fewr hoops to jump through. 

Thanks,Hey Joel,If you are tight on PITI, then I usually recommend looking into an interest only loan, maybe on a 5-10 year IO plan, to lower your payment and see if you can squeeze it in.Plus, rates are starting to dip a little bit, so it makes it a little more doable, especially if you just do a rate and term refinance to help keep your rate lower.

Hope you find what you need to stick around for the long haul!

@Adaze Foltz  Benefits:Direct to the source; more control over the receipt of the funds (initial and any rehab draws); able to not just establish a relationship, but also perhaps gain referrals of other private lending sources (those that are happy with the returns and payoffs - talk (boast) to their friends); faster to the table; can negotiate the terms (rate, when payments are made, other fees and when they are paid, etc.); usually nothing reported to credit bureaus.Risks:Using up the private sources money (tapping them out); The private lender didn't receive their payoffs on other loans as anticipated so they are short of funding your deal(s). 

I'm considering adding a bedroom to each in the short term to pump up rent.

im new here, my names Hunter and I come with two short term rentals and two long term rentals.

I really like multifamily home purchases, but I would like to eventually try at short term rentals.

For a $100k house, we can agree on payment terms and pay the seller $120k over time.