The main hassle of conventional lending is being able to provide proof of income and seasoning.

The area has a couple houses that were renovated and sold, but most of the houses that sold are older and never renovated.

Quote from @Max Bellino: Hey Everyone,I hope everyone is having a great holiday season!

However, always stay updated on local regulations related to STRs.In conclusion, Albuquerque presents a fascinating blend of opportunities for both new and seasoned real estate investors.

The data points they use made me feel like it got my pricing right and I feel much more confident about what my nightly and seasonal rates are now. 

Unfortunately, this problem waste a lot of my time that could be spent on other investments.I have used the same tax professional for many years and he is very educated, but also much older than me and it's hard for me to understand all the reasons he has expressed why is better to put the rental on my personal tax returns.

This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out. 

Here is an older thread discussing hours that do and do not count. https://www.biggerpockets.com/... 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

my older brother "rehabs" lots down in Peru.