I shopped around for a long time and sat through several live and online sales pitches for months before I found a program who's people were genuinely interested in my success rather than just hype.

If they are stricter, I suggest just using a mortgage broker who can shop amongst many banks.

If you "shop around" or try for more than a couple of loans and a credit card per year this can lower your score by 70 points!

My family and I are currently renting month to month and are "home shopping". 

Shop around a lot.  

Alternatively, shop in areas where this vacation rental debauchle has already been completed and so you KNOW you can operate a vacation rental and won't be shut down anytime soon. 

I'm always up to talk shop about the market here in Charlotte feel free to reach out to me if I can be of any help at all!

However, given that I'm shopping in this market, I guess it's fair to say that I'm not betting on a large negative correction and my bullishness on Austin is overriding that fear.  

I know of some people who have been getting 12/2 and 12/3 with 15% down in NJ so shop around. 

He develops and owns shopping centers and dozens and dozens of Dunkin Donuts.