In fact, there're several "layers" of restrictions, including "at-risk" rules, basis rules for pass-through entities, hobby rules, new (as of 2021) "excess business loss" rules, special rules for Section 179 and business interest, self-rental rules, vacation homes rules, and more. 

We can use alternative documentation if self-employed such as 12-months business or personal bank statements.

Flood insurance increases are capped at 18% per year, which is still alot.Many of the most expensive houses on the bay are being bought by people who are wealthy enough to self-insure.

Don't forget that Airbnb is sending messages, as well, so you will be doubling up.I have 3 auto messages:(1) Booked instantly - I let them know we are looking forward to their visit and highlight the unusual things about the listing that they might have overlooked about the listing and let them know they can cancel within 48 hours.(2) Morning after check-in - Asking them how their stay is and if there is anything they need.(3) 5:00 pm the evening before check-out reminding them of the check-out time and instructions.8 days before check-in, I send them a manual message reminding them of the upcoming booking and asking them for their ETA for an in-person check-in or instructions if they'd prefer a self-checkin.

If you know you could pull $150k of equity from the home, are you saying you don't think that's sufficient to cover the down payment, closing costs and reno costs of the next property?

If so, you are in GREAT HANDS, and the amount of free support to setup and self-manage your property is a priceless bonus. 

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

@Jaiden YoungWelcome and nice work on getting started with your self-education!

-Thanks, Alex Hi Alex,We offer loans to self employed cannabis industry owners for owner occupied residential real estate.

As a PM and a fiduciary to my clients I use a more complex software than most self managers use and also employ a live revenue manager to scan my local area.