Still seems the properties are pricey, realtor said many folks are realizing they missed the boat and are purposely overpricing their lisitings.

Is it possible to have a direct mail campaign with the purpose of getting an FHA loan on their property?

It almost seemed purpose built for STR to me.

You are required to sign an FBI occupancy certificate at closing to state you’ll be using the property for the intended purpose (vacation home where you spend at least a couple weeks a year).

@Brandon Callahan for budgeting purposes I use .90c per sq ft.

@Deepak Manohar I wouldn't unless you want to make real estate your passion or purpose.

We are not real estate professionals (tax purposes)This move will generate a large loss for tax purposes - I understand as non Real estate professionals we can only deduct up to a certain amount of losses each year ~3k with carryforward. 

But the theory goes that if you are making your payments on-time, the lender will not take action; and in theory they should understand it is for asset protection purposes.  

If the property is within an entity I recommend opening an account in that entities' name, especially for tax purposes to avoid mixing with personal funds.

Yup, only Goldilocks get to use Freddie Mac Home Possible to get a 2-4 unit with 5% down after July 2019.Everyone else either a) makes too much money to use the program (but has the income to support the amount you need to borrow for "normal mortgage purposes"), or b) doesn't have the income to support the amount they need to borrow (but is below the income limit for "Home Possible specific purposes").You have to somehow satisfy both requirements.