Wading into the property investment waters.

If you do HML or cash out refinance, they would still require to be 1st position.

Sign and dateYou can add the amount of rent due if you like but it is not required. 

@Alyson Gordon we were originally looking at LTR for the decreased involvement and not needing to furnish a place (and some HOAs are LTR only), but I had not considered corporate housing before; from some brief research looks like this is likely a furnish-required.

Not sure if you're going FHA or not but I know of a loan product called Home Simple with All Western Mortgage that allows you to make a cash offer to the seller and then refi out with a conventional loan, but my understanding is it requires 5% EMD. 

You can also run your STR in your personal name or elect to start a company that operates the STR i.e. branding.If you do not qualify or for some other reason do not want or cannot qualify for conventional financing, you will likely have to go to some sort of DSCR or other business purpose loan route, and they will actually require you to put it into an LLC.

For example if you have 2 prong outlet in a wall and you gut that wall they can require that outlet be brought up to current code AND they could require additional outlets in that wall as well.

This type of financing requires the projected income of the property, determined by a local expert, to sufficiently cover the monthly mortgage debt.

Neither of the neighbors have a survey (not required in GA).

I'm yet to find anything that if a full BRRRR, everything i've bought requires a bit of cash left in the property.