Although we do investor loans nationally, we only do consumer loans in FL.

You should focus on a return on equity formula, which uses the asset value less loan value as the denominator.

Now I need to install fire suppression/ sprinklers which I am ready to do.

That wouldn't be enough to just decide to move out for FNMA, but with a legitimate employment issue you've clearly demonstrated an intent that met the loan covenants. 

@Bryan Schmidt It sounds like you will need a construction loan to fund the improvements even if the seller were to offer you a second position mortgage for 20-30% of the purchase price.

@Kevin ChubetKevin does this STR tax strategy also applies if you acquired the property as a second home / vacation home using the 10% down loan?

Many land purchases require cash, not loans and most people don't know that...or if you can finance it, maybe a bank will loan 50% of the price...and seems like so many people don't have that 50% to put down. 

In regards to this bill passing i have been hearing about the installment method.

After 6 months the tenant/operator was able to obtain an SBA loan, and purchase the property from me for $325,000.  

To me, plenty of free information on the internet on how to learn how to give someone with no money unsecured loan in the hopes they pay you back.