Or does anyone have other suggestions for a small line of credit ($50-200k) for a business that technically is new.

Any site you make can technically work if you have a good marketing plan and execute. 

-Private Equity/ Venture Capital: Investing in PE is not for all as they are not simple to find and understand but for the sophisticated (and wealthy) investor you can get into some great PE funds that can produce some huge returns!

My sophisticated emotional acumen provides me with explicit insight on my clients needs and wants, and my insatiable appetite for all things Music City keeps my finger on the pulse of every neighborhood in our expanding urban core.

Is she technically leasing it during those months or not? 

The tenants themselves are not responsible (technically) for the mess they make.That being said, you can speak with the agency and explain you will take care of health and safety issues. 

@Tricia Miller One of you would have to be primary owner...FHA is pretty technical, but its the cheapest way for non-military folks to get into a 1-4 unit property.

@Robert ZabelYou can buy them at sites like getrefm I think they may be $500-$1000+ but these calculators are very sophisticated.

He is interested in selling it to me, and I even brought up seller financing, because he owns it free and clear and doesn't need the money.Anyways, the property is identical on both sides, 2 bed/1 bath, however the basements are large and it wouldn't be difficult or expensive to add a good sized bedroom with a large closet and attached bathroom, it would technically be the master. 

Technically that risks triggering the due on sale clause, but I've not heard that actually being a big risk.Alternatively, and what I have done, is buy the property in my name, get great insurance, hire a good property manager who runs the property fairly and legally, and then get an umbrella insurance policy for additional liability coverage.