Do your same background and credit checks and other requirements that you do with every other applicant. 

Credit markets are tough right now.That rehab paragraph was a VERY tall order, which I think is why most folks are doing rehab loans with the hard money loan guys charging 13%+ and 3 points... 3 points and 13% is painful, but LESS painful than trying to check all those boxes laid out in the previous paragraph. 

When banks check your refi eligibility, they eyeball your credit score, income, and the property's value.

It's been rezoned to allow a live/work component, allows 4 units, and the FAR allows room for plenty of additional SF. 

The majority of taxpayers are required to settle their tax dues by April 18 to avoid penalties and interest accruing on any outstanding amounts after this date.For those residing in Maine and Massachusetts, the deadline is extended to April 19 due to the Patriots' Day holiday in these states.How to Request an ExtensionIf you find yourself in need of an extension, the IRS provides convenient options to make the process smoother:File Form 4868:Utilize your tax professional, tax software, or the IRS Free File platform on IRS.gov to submit Form 4868.Individual taxpayers, regardless of income, can leverage Free File for an automatic extension request.Electronic Payment Method:Make an electronic payment using Direct Pay, Electronic Federal Tax Payment System, or debit/credit card or digital wallet.When selecting the payment type, indicate it's for an extension.

Lennar is either 1 or 2 in size in the US DR Horton is the other.. they are production builder so yes quality is not their hallmark.. price is .. 2. wrapping the mortgage could certainly create an event of default with Lennars lending arm. there by trashing your credit. 3. if your buyer stops paying you have to keep paying and foreclose and hope they have not trashed the home when you get it back.. like all things creative finance wise sounds great on paper and is great if it all goes perfect but lots of things can fall apart if things do not go right.. so what is your fico score worth ?  

Additionally, I am aware that once I move out, I can list the home on VRBO and several other platforms to help boost bookings.The reason why I'm considering/leaning toward selling the house, is that when I begin to run the numbers, the expenses exceed what I could potentially make.

Additionally, I'm based in Michigan, and I would like to know if anyone in the community is familiar with companies or professionals in Michigan who can assist in the process of forming an LLC and managing the legal aspects of transitioning Airbnb properties.Any insights or experiences you can share would be immensely helpful as I navigate this potential transition.

Falls into the "wadyagonnadoaboutit" category, but the fact that they are making money on the float off our properties and guests, in addition to high fees, is frustrating to say the least. 

Not saying it can't work... just requires additional caution.