So do a background/credit check, get a full application, paystubs (Call to verify), former landlords phone #s (Call to verify), and other information.

If you ask nicely and promise not to share, you can usually get good financial information on the properties that are currently operating as a STR.If you're just starting out looking, you may not be aware of just how many cabins out there are poor quality builds due to the lack of codes.

Unlike traditional banks, which focus heavily on personal credit and income, portfolio lenders prioritize the cash flow of your property.

The bank will want you to be working for a certain amount of time and that have certain credit score plus have your financial ratios match what they want. 

Both of these financing can be obtained as long as you have good credit. 

Here is a list of what adding ADUs, especially in single family zoned areas,  in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

Screening tenants well and then a security deposit or credit card hold process in place will limit liability.

Poor lighting.

Approached the seller asking they pay all closing costs, received enough credits to buy down the interest rate back into the 5-range (current rates were in the 7-range).

Approached the seller asking they pay all closing costs, received enough credits to buy down the interest rate back into the 5-range (current rates were in the 7-range).