I have two 1/1s in a high cost mountain resort area, and they have rented out just fine to the right guest profile.

A  5/1 ARM or lower is fine by me.- Minimum loan amount of 100k is fine.

DTI was also fine because the LTV was low and the borrower had an entire portfolio for income.

I use Podkicker and the podcasts are fine. 

And... fine.. 

That is a fine approach and is more conservative.However, for my preferences, I would focus on optimizing debt for cash flow.

If I set it up this way, then the monthly distribution would go to the Wyoming LLC's business account first before going to my personal account, which is fine but another layer of trouble.

If the contractor is licensed, it might be easier to contact the Nevada contractors board and see if they'll fine the contractor or pull their license unless they compensate you.

It will most likely trigger the due on sale clause in a standard 2nd home mortgage so read the fine print.You can always use a commercial loan instead.

Most will decline, which is fine.