If it's a primary residence, you can use no-ratio products up to 80% LTV.

Hey Mark - Its not a bad idea at all, but I do not think the average investor here will take advantage of this. 

Here is the finished product from last week.

Is there any sort of subsidy built into the mortgage, or is it just a no-down, low interest rate loan product? 

We pursued a DSCR loan structured as a cash-out refinance, qualifying the deal on the asset’s income rather than a traditional full-doc product. 

Or is there something more productive I could be doing in the meanwhile? 

And how long is the average bear market - less than a year.

I would be curious to learn how many investors and average check size.

This year my occupancy is at 80% so doing pretty decent being as the average for the area is closer to 65%.

There are 7 tests but easiest way is to work 100 hours and more than anyone else's time. 2. short term rentalsrequirements: average stay of 7 days or less, 100'hours and more than anyone else's time (or one of the 6 other material participation tests), not use it too Much for personal use, and not hire a property manager.