What I didn't realize is that not only is this taxed as ordinary income (I knew that part), but it also triggers SELF-EMPLOYMENT taxes as well. 

If that's the case I would strongly suggest building your team before pulling the trigger on an Airbnb.

Before you decide to pull the trigger with any Bank/Lender make sure the they are well versed in DSCR guide lines and close more than a couple a month. 

Offer them owner financing - sometimes you can even have them assume the mortgage (without triggering the due on sales clause) if it is serviced by a third party.

I’ve heard different things like taking a Fannie Mae loan out then converting it to a LLC and the likelihood of triggering a due on sale clause is minimal.

This would be VA loan with 0% down so I might try to pull the trigger here on it soon.

If you did the refi 3 months after, it could trigger them to audit you.

Hi All, I am very new to the Real Estate investing game and haven't pulled the trigger on any properties yet.

Talk to lender to find out how to transfer assets without triggering due on sale clause.Did I get all that right?

HI Jewell,If you were to use FHA again, this could trigger the FHA 100 mile rule + 1.75% upfront fee, however with a few exemptions Indeed FHA allows you to put 3.5% down payment to invest in 1-4 units.