You probably had a little tickle in your moral compass which gave you pause, which is why you reached out.My wife is an accountant, when we look for every possible tax break it doesn't feel like theft, we feel accomplished to find a place for more savings and lose zero sleep over it.

Here, once you have an account and a bit of lending experience, you can access the online, fill-in-the-blank templates to create your own set of documents. 

Eric,They are using rules that take those into account.

However, after running the numbers accounting for insurance, PMI, taxes, vacancy, capX, property manager, etc. the property is estimated -1.85% cash on cash return (-$600/mo) once I fully rent the property.

Good for your account in theory, but you really need to understand what is driving that cal rate for that area before purchasing a property.

This means 20-25% for a down payment, and it has to be your money that you're using (verifiably in an account that belongs to you).Though there are programs that lend up to 90/100 to first-time investors, those programs usually don't work in Maine due to the rural nature.

He had uploaded screenshots of his bank accounts. 

Essentially, you get to experience real estate investing firsthand, with your tenants helping you cover the costs.Build Long-Term WealthAs your property appreciates in value and your mortgage is paid down by rental income, you’re building equity.

For example:- Lender drops the LTV to account for additional risk. - Tenant agrees to either start the loan with recourse, with it burning off after the extension is signed, or start the loan as non-recourse with a springing trigger if tenant does not sign the extension soon by a certain deadline. - Lender requires a heavy TI/LC reserve until the extension is signed.

FWIW Hostaway doesn't.This felt sketchy to me, but I actually hired someone who had first hand experience with most of the platforms (works in the industry but does some moonlighting) and he supported us giving Hostaway a try.