I’m not familiar with any programs using section 8 for hotel rooms but my guess would be that unless the rooms have kitchens it could be a tough sell.

Does anyone here know anything about any government programs that would pay for hotel rooms.

Best ask the building permit office of your local government what their requirements are. 

With your wife's salary, you would qualify for some pretty great down payment assistance programs and subsidized interest rates on your primary residence.

A photo of you holding your government-issued ID along with a piece of paper with today’s date and “AVAIL” handwritten on it.2.

You can use a program to track the income/expenses and run reports.

Just like that millionaire can't take out a $2m mortgage on a $300k home, the person killing it with a STR can't finance more than the LTV restriction would allow for the loan program in question, and it's not 2007 any more so no one is doing 100% or 120% LTV cash out refis (yup, >100% LTV cash out refis was a thing towards the end of the 2004 to 2008 era, and we saw what that did to the global economy...). 

Is it possible to use the LIHTC Program with single family homes.

There are many other options with flexible pricing options and affiliate programs (which end up paying for batch skip tracing).

That size would limit the number of life companies that would lend but there would be interest from a handful if the property is stable and in good condition.Freddie Mac also has a small balance program $1-$7.5M that would also be a good resource.