I wasn’t trying to get into a debate over stats. I was basing my statement about “most” on my experience flipping houses on the side here in RI. Perhaps its higher in my state because RI offers 100% financing grants to first time buyers going FHA but 9 out of 10 of our previous transactions were FHA.
As for your experience with mortgages. I would love to hear which lender you use that has no problem with obtaining a residential mortgage for a commercial use property. In my experience, the only way to pull this off is to not tell the lender what your intentions for the property are which amounts to fraud. This is why interest rates are so low for home buyers using residential mortgages and I know several people who develop properties to use exclusively for Airbnb, and also for tenants, and they have to go with commercial loans as to avoid committing fraud.
If you know a lender that gives residential mortgages for Airbnb properties, and for people who run businesses from home, I would love to know who they are! The way I see it, banks should be free to do with their money as they wish (within the law), and to lend to whom they chose.