In rural Idaho, it is much the same way. the counties have minimum requirements and if you keep things on the up and up, it should be fine.Now, in a historical district, that is a different animal all together.

While this is a great and highly motivating goal, most people are either clueless or incorrect in their belief as to what is required to obtain this “lifestyle”.Understanding of the “how to” get there is further obscured by the misleading, and often patently false “pathways” sold by real estate educational MARKETING companies as workshops, upsold to association memberships, upsold to mentorships.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Hard money lenders are much more like banks and come with many restrictions, requirements, due diligence, fees, etc.

But a wide ballpark would be around $800-1200/mo long term or $1500-2000/mo as a short term rental.Understanding Zoning Requirements for ADUs in Raleigh. 1.

@Kyle Trotman If you purchased with a hard money loan conventional lenders will require extensive seasoning to utilize the new appraised value for cash out. 

It amazes me how much random transient travel it gets(bowling tournaments, pawn shop remodels, manufacturing employees, traveling photographers, etc). 

This loan doesn't require any certain length of ownership seasoning or equity. 

I don't know if this is required in your locality but if it isn't get rid of it.

OccupancyMost lenders require a minimum occupancy rate of 85%.