There are 2 versions - Standard & Limited.If you can keep the rehab costs to under $30k and nothing structural will be done, you can probably do the Limited 203k. 

I’d want to see a line item bid by a bonded contractor, and a detailed, realistic financial forecast as well as a professionally prepared market study.A lodging facility is not necessarily a highest and best use.

So Mark and Brent, are you saying the standard for a Loan Modification for a deferal or end of a forbearance would be to go to the prime rate? 

The engineer supplied a letter saying that it met the standards for repair (liability at that point was on him).

It will also help avoid issues like tenant lockouts a bit more however you may run into more technical issues than with a standard deadbolt.  

For example, on the standard lease form that my state's Association of Realtors puts out, there's an area to list any maintenance type items that the tenant is responsible for. 

Unit was a standard fix and flip.

.): "The agencies have confirmed with staff of the Financial Accounting Standards Board (FASB) that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not troubled debt restructuring."

In my experience, Sec 8 is a good source of income as long as your tenants know the rules and are given a clean place if you give them a dirty place your setting the standard for them.

Again there is no standard right now and will likely get more difficult in the near turn.