Sure. They consist of several tracts of land and a commercial building. Since this post, I think I've decided that it can be a QM as follows:
Small Creditor Balloon QM: 62/240 balloon secured by secondary residence. DTI will exceed our policy limit, but will mitigate that (S&S decision, not compliance) with documentation on other properties owned, listing agreements, etc. We'll price and fee accordingly knowing that the loan might not be around for a full year.