This will minimize your downtime waiting on the government and banks.Second: IF the deal is as good as it sounds, the lender should be able to recognize this and be much more open to working with you.

LLC. lending has very little regulation compared to personal real estate lending.  

Personally I can't imagine depending on the government for income to live on in retirement.

This happens in residential because of government support.

Notes:  The lender is responsible for ensuring compliance with this regulation.  Waivers to the seven unit limitation can only be initiated by the jurisdictional HOC for good cause.

Since each portfolio loan is governed by the bank itself, each portfolio loan will be slightly different...or very different! 

For me, it has been helpful to read every government website concerning the process, state laws, and of course BP. 

Never assume when it comes to building regulations.

Which you can see on some other threads. that includes things like taking quite a bit of time to recoup the cost of furnishing the unit, an ever increasing number of other airbnb's that drive down the price, losing the right to the property that you furnished, or local regulation where you have to live in the building, etcetera although I prefer to own my properties, a lot of people are now going to the co-hosting model where the landlord furnishes the place and you were more of a manager.

And, it will only continue to happen until one of that bank's regulators or examiners shuts that down with a slam.