I have $5,000 in credit card debt.

I have a 700 credit score also curious how funding works if approved. 

Whats your credit score?

Hey Tej- I confirmed with my accountant and financial planner, bonus depreciation doesn't apply to foreign STR.

Plus taxes and insurance of $20000+ X 10 years= $200000You will need a $1,010,000 loan at 77% loan to value of $1,300,000 to pay them in full.You will need a FICO of 720 and $27000 monthly income assuming you don't have credit cards or car loans... assuming Jumbo loans are qualified similar to how it works today.

It really all starts with your accountant and what they're willing to do. 

Especially a self directed retirement account holder.

I agree, the core principles of bookkeeping and accounting apply to any accounting software platform if the bookkeeper knows their stuff. 

You also have to take into account things like depreciation which will offset some of your gains come tax time, appreciation (the natural appreciation of real estate tends to track inflation), and debt paydown (over time your tenants will buy this property for you because part of their rent pays your mortgage).Rental properties CAN be an excellent vehicle to build long term wealth.

I will post some compliance resources below...Business Operations Tax (BOT)If your property falls within the Sacramento city limits, in order to operate your property as a short term rental, you will be required to have a Business Operations Tax account with the city.