Also, how do you factor or account for an area/town that experiences lots of seasonal tourism, compared to the town that does not? 

For that, you'll want to ensure your LLC is already set up and approved in the state where you’re operating.Most lenders are fine with the funds coming from your personal account, especially if the LLC is newly formed.

Quote from @John Warren: @Delroy Watson I would check to see if you can do this the "right" way and make it an ADU.

With the 25% I charge I'm not expecting you to lift a finger, just collect a check. 

If you are able to setup a credit card identical to your accounts payable accrual account, it should operate the same.  

They want to get a monthly check without having to work for it.

Feel free to reach out with any accounting questions.

just double checked my lender is now 80% LTV for short term rentals only 85% for long term rentals

I have a single family deal lined up now that I’d advise any investors new or seasoned to check out.

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.