This is normally expressed as a percentage and that percentage is of the ARV.

@Justin Tylus I know from my clients in Raleigh that the permit office is running slower than normal.

It's normal for business fundamentals.4) Just do what makes you feel comfortable.

3)  When do folks expect eviction courts to return to "normal"?

My job is within 30 minutes of the home and requires me to stay the night at the job up to 80% of a normal month...so, I will not be physically present at the home very often, which is why I’m considering an STVR.What qualifies as occupancy?

From there, it's a normal loan.  

This being said you can still screen the tenant like you normally do a market rent tenant, and you should.

While you will immediately benefit from saving on living costs by living there, you need to make sure it will cashflow like a normal investment property once you leave the property.

Even then, it's somewhat of a gamble on the future.

I've done my research on modular homes and now know that they appraise and appreciate just like normal homes because the only difference is they are built indoors to save costs and be quicker.