Still ended up being great due to the location.

From what I've seen, most places in California only allow ADUs and JADUs to be rented for 30 days or longer.

With current interest rates (at least in Canada and guessing the US is similar), you'd be further ahead investing that money elsewhere and continuing to let the tenant pay down the mortgage with their rent. 

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

We rented the property for $2000/mn and had a private mortgage of $743 How did you finance this deal?

One of my applicants showed up with little credit but no defaults, no evictions, and only traffic violations and verified income high enough to cover well over 3 times the rent and I accepted the tenant despite there being some signs.He paid the rent in time for the most part until a few weeks ago when he stopped and I could not get ahold of him.

Building located in neighborhood I had been interested in from the beginning of investing career.

I previously owned a long-term rental that I bought from a parent and rented to family for over three years (lesson learned!).

@Denis Orlov I don't do STR, but I've rented one of my personal properties for arbitrage before. 

I would only underwrite based on actual rents not proforma.