And if I understand this correctly I wouldn't be subject to any penalties if I decided to go from short term 7 days or less to a long term yearly lease after having offset my W2? 

There apparently was a guy that was very active on BP with over 4,000 posts, regarding buying subject to properly, but has either been booted off or canceled his account.

Hi Julian, DSCR loans are underwritten off of appraisal rent schedule and / or lease associated with subject property. 

I would also point out that the idea of Cash flow is very subjective, if you buy something in cash, yes it will cash flow, but it will be a very low ROI.

Hey Cole, DSCR is based off the cash flow of the subject property 

I don't know that I'm necessarily the right person to listen to (it's in the eye of the beholder) but I'm just commenting of subjects I know, I try to give comprehensive unbiased answers whenever possible and I'm trying yo help.

When you enter the address of a property and the number of bedrooms and baths, Rentometer calculates the rent by multiplying the average area $/SF by the square footage of the subject property.For example, if the average $/SF for 3-bedroom homes in an area is $1.10/SF, and the subject property has an area of 1,500 SF, then the estimated rent would be:1,500 SF x $1.10/SF = $1,650/MoThe problem is that Rentometer, et. al., does not take into account the specifics of a property.Property Specific ExamplesProximity to nuisances - Property A, which is located next to Interstate 15, will have a lower rental price compared to Property B, even if the physical attributes of the properties are the same.

Are buying notes the same as subject to deals?

I just want to make sure this is not considered a condo and subject to the warrantable rules when I want to sell.  

Several different scenarios available: 1. subject is free and clear and the seller actually transfers the deed to your name and records a promissory note.