My question is, in this circumstance, would I qualify for, one, FHA loan (the first mortgage is conventional); two, when I apply for pre-approval, can I not say it's my first home even if I qualify for an FHA (assuming I do).

I've been reading about the DSCR loan that doesn't require income proof, but I've heard some people say you need to have a primary house in order to be qualified.

Although I don't love the idea of wholesaling I'm willing to try it as a means of acquiring capital to invest in other opportunities.I'm also a new resident of Florida- Charlotte County area.

Investment Info:Single-family residence buy & hold investment.

@Chris Seveney could you help me understand what kind of discount I should expect to see due to the condos being non-warrantable and not qualifying for conventional financing?

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

I aim to offer a more balanced viewpoint.Having resided in Tulum for over a decade, as a licensed broker/owner, real estate developer, and investor I have firsthand insights into the real estate and tourism markets.

Certainly you've had some other applicants for the property that are better qualified?

Their previous residence was a rental.