The home was a bank foreclosure from a reverse mortgage.

My team and I are actually hosting one this week in the Bellevue area.

But as soon as you make a direct booking site and start an escrow account (among other things) you then cross that legal boundary between a co-host and a property manager needing a broker license (depending on your state).We CO-HOST for others and remain separated from those legal parameters that would consider us a property manager.

The home was a bank foreclosure from a reverse mortgage.

As bank’s risk tolerance shifts to being more cautious, less non-recourse loans are available.

Cody,If you want to work with a bank or lender to build on a piece of vacant land you will need to be on title of the land for at least 6 months.

Quote from @Andrew Steffens: I know you said not using HELOC on personal property, but there are banks who do HELOC on investment properties. 

I know some hosts have a "forgotten" basket in bathrooms, that has all the common items guests might forget to pack yet use every day.

If you want to put the deposit in a out of state/online bank, then you will have to furnish a bond.  

The banks have been encouraged by the fed to work deals out with borrowers and I think that will continue to happen.