The best way to fully understand how this works is to walk through an example.Let's say you are a veteran and want to use your VA Entitlement to purchase your very FIRST home (1-4 units as a primary residence only).

You should be able to get an extended season in the spring in the fall with Birders and Photographers who like to flock (pun intended)to that area for the wildlife.Good Luck!

If you or your spouse are military veteran's then you can use a VA Loan and it is ZERO down.

My PM is scheduling a professional photographer and the unit is clean and in decent shape.

I am a Marine Corps veteran.

thanks in advance for your responses Yes Saman, I’ve had house hack SFR houses that had 5 long term leases (rooming house or rent by the room) on conventional and FHA loans, however on VA or Veterans loans I was only able to use 1 lease for a 1 unit property (more conservative calculation or interpretation).Hopefully you’re considering Conventional scenario as this seems like a non owner occupied property.The consideration of STR or short term rental income or rent by the room varies with each loan product as you’ve seen above so its important to plan in advance and establish your game plan with options A, B, C so you have a diversity in options when you’re trying to figure out how to achieve the best ROI on time, money, acquisitions, or etc.

I'm a US veteran and couldn't be happier. 

The reason that I am posting on this thread, is that I am not a veteran by any means when it comes to owner financed properties.

Also thanks for serving happy belated Veterans Day

Hire a PROFESSIONAL photographer - $150 to $200They are the specialist here, let them show what the house looks like in images.Stage the house - Tell a story to those walking into the house how their lives could look like living in the house.