Borrowers have a loan to purchase, remodel, and rent a home. After looking further, the borrowers are listing the home on Airbnb once they do a few upgrades.

The bright line test recommends reporting what it is at closing. However, the home is always going to be an Airbnb rental besides a short vacancy after funding to allow time for the upgrades. Would this be reportable since it will be a vacant home for a couple weeks or not reportable as a transient dwelling since it will be listed on Airbnb as soon as possible?

My gut feeling is transient since that is the borrower's sole intention, but I would like to see if anyone has some experience on this.

Bright Line test:
https://www.bankersonline.com/forum/ubbthreads.php/ubb/showflat/Number/2259865/Searchpage/1/Main/268047/Words/%22HMDA+FAQ%22/Search/true/re-converting-church-to-dwelling-with-funds#Post2259865

I would report as a purchase based on bright line test. The borrower has no obligation to execute on a plan to list as an AirBNB.