These activities include shopping for mortgage, communication with lenders, going to open houses, doing comps for putting in an offer, analysing disclosures, and closing activities.

Notably, short-term rentals are categorized as non-residential properties.

I'm considering purchasing a condo that is non-warrantable (not eligible for conventional financing) because one owner owns too many units and there is a pending lawsuit against the HOA.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

This discrepancy was not previously recognized by myself or the mortgage lender until I received correspondence from my lender indicating that the insurance policy holder's name must match the property owner, in this case, my Ilc.

Lastly, hopefully the inspections and low returns will force 2% to 5% of cabins back into the 2nd home only (non-rental) or owner occupied. 

Collect a reasonable non-refundable earnest money deposit up front (say $10-15K), and charge them above-market rent for the opportunity.

@Douglas Skipworth,Like Jay, I am required by lenders to update annually with a rent roll and PFS. 

Most banks and lenders will not allow seller held 2nd mortgage/lien. 

Thankfully my rents have gone way up so i can help cover those costs Homeowners insurance is going up too - not just non-owner occupied properties.