Hi @Aries Li, Conventional lenders do have non-QM products that lend out to companies as long as it meets their criteria.

@Mason JeffriesYes, sounds like your issue is because you are renting out rooms, as opposed ot a whole unit...As mentioned, for a "regular" rental, lenders will take your SchE portion of your return, back out the depreciation being a non-cash deduction), take 75% of the rents, then re-calc your profit/loss. 

@Corey FarnsworthMaybe start here:  https://www.biggerpockets.com/...First, unless you are investing with non-spousal partners, the LLC provides no tax advantages.Legal entities such as LLC's are not eligible for conforming residential loans. 

Burlington/Mercer are tough for multis except Trenton, Bordentown City is virtually non-existent, Mount Holly has a few ...

:-DBasic salt & pepper and a can of non-stick spray would be nice.

Different banks have different products but generally, 4 and under is residential non commercial loan while 5+ is commercial.

The two hard things you face which is a (No Go) for most lenders in a (NOO non-owner occupancy, and HELOC versus cash out mortgage) the HELOC is an open end line of credit and the few lenders that do offer those on Manufactured require that the HELOC must be used to pay off a 1st Mortgage and or any liens.I have seen investors have to go an actually get a "Title loan" because its still considered a DMV type issue where it was once delived on axle. 

Does anyone have a good recommendation for a non-QM lender that lends in Massachusetts?

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A 2 unit non-owner occupied might have a lower LTV.