Hello Sean,Mortgage lenders also have access to 203K products.

like - your own market. or a market a couple hours away that you can spend some time in person in. or where you went to college. or where you like to vacation.

FL, NY, MD, CA, VA, NJ,Horizon BankKalamazoo MIHuntington MI 75% LTV 5 yr IO product available.

This is why a machine cannot calculate for the irrationality of a person buying a house over value because they like the cute garden. 

For if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you, saying, 'This person began to build and wasn't able to finish.  

You want to be able to select who rents your house and how do you know the person they sublet to will pay the rent and take care of the place?

@Caroline PowellAs long as the final product ends up being a residential 1-4 unit property where the primary borrower intends to reside in one of the units as their primary residence for 1 year, then you can do an FHA loan on it ... including the FHA 203k. 

well, I guess nobody knows where to find him and the one person who is reselling his materials is terrible at marketing and doesn't respond to email questions.

If you know it is allowed in the area you are looking, but have seen one person have a problem, I wouldn't make a big change to my thinking based on a single incident.I haven't heard of anyone having the same issue.

I netted enough to make a decent profit AND my guests and I got personalized attention that is critical to STR success.