Airbnb has several options to choose from (Flexible, Moderate, Firm, Strict and Super Strict). 

Most importantly, choose a market that aligns with your goals!

Lastly, if the home has appreciated at all, taking advantage of Section 121 and taking capital gain exclusions is just another strong point towards selling within the 5 years if you've lived there for at least 2 years. 

But, if you choose to buy on your own then yes you can ask for financials directly from the seller.

@Diane Jacob I have been in the Topeka area for 40 years and invest exclusively here.

I think an issue you will run into is how many Canadians choose to invest in the U.S. and therefore us the U.S. tools.

Either way, it doesn't make logical sense for the IRS to allow them the $500k married exclusion on both properties.

Not as many “qualified” tenants to choose from.

That being said, when they launch their next fund, they are strongly considering a 506(c) offering.https://lastmileinvestments.com/While this is not a list of people I have invested with, I will say a lot of 506(b) operators hide in plain site:- Podcast hosts and guests (talking about what they have done past tense, not current offerings)- The gurus often also syndicate deals- Rise48, per their website, has primarily (if not exclusively) 506(b) offeringsThe thing is, depending on how conservative the compliance attorney is, you can have 506(b) operators advertising like there is no tomorrow.  

I wasn't required to have higher liability coverage and I didn't choose to do so but something to talk with an insurance broker about!