I don’t know New Jersey, but there are many restrictions on brokered construction loans in CA which makes them different than purchase money loans.

@Brendan Bruno and @Elisha Ballard It's not uncommon for counties to put restrictions on the use of Tax Lien data as the feel it could be predatory.

I think you are exempt from some provisions of the federal fair housing act but even if you don't take children you can't use discriminatory language in advertisements and there may be more restrictive state or municipal laws that apply.

Funds can be used for anything,there is no restriction on the uses for funds.Let me                know if this is an option you might like to explore and i will provide you more details.        

Are there HUD/federal restrictions with regards to tenant evictions after notification?

It's probably best to seek out a mortgage broker in the future who will have more options as opposed to a loan officer who generally has more restrictions in residential lending.

Also, long term, you may not be able to sell it to a traditional buyer, since they will be restricted to a commercial loan.Good luck,Sue Hough

I also hear more and more cities are restricting STR.

Like Sean said I think it is an internal restriction

Check with your county records office to see if they have the pre-forclosure data available and what restrictions they have.Another route could be homeowners with Low Financial Stability Scores (FSS).