DSCR Loan for non-owner occupied 7 acre multi-family STR opp

[Alex Lanctot]

We are looking at a property that we do not intend to occupy that sits on just over 7 acres and has 2 homes. We would like to use the buildings as STRs. We are running into issues with finding a lender because it is over 5 acres and not owner-occupied. 

Does anyone have any leads on financing products that would provide exceptions and not need 25% - 30% down?? 

We have good credit and STR rental history. We are also partnering with our friends who have good credit and MORE positive STR history.

The property is in a HUB zone, but I'm not sure how to take advantage of that angle. Maybe I need a different forum post for that question.

Thanks fellow realestators for any help or info!!