@Ryan Blackstone I'm interested in these meet ups.  

This gives me a chance to add value up front. 3.

We do 90% of the work up front so there are no issues once a contract is executed.Is it difficult to get a lease in place if I still live in the home I plan to rent out?

I am on the lending side of things, so if you'd ever like to chat shop and options out there, let me know. 

If you pay the loan off before selling or do a refi and have $1 of equity, it won’t affect your taxable gain. 2) if you stay 2 years you’ll have 14 years of personal use out of 22 years so 63.6% of the gain cane be exempted, up to $500k.

@Alev G. the litmus test I use in exploring an area is incomes and population density.If the population density is too low and not somewhat close to an employment center it’s not going to be a Green light for me.  

The AirBnB is irrelevant, since if the studio is illegal/not up to code, you can't do short term rentals anyway.

Quote from @Chris Ganz: @Charles Carillo after the initial lease which was a yearly one was up, I switched it over to a month-to-month.

Every REI has a starting point, a build up phase, and an exit phase (this doesn't have to mean out of REI...it refers to cash).The key to determining this is based on an investment plan, and where the REI is in that plan. 

Forms they should have asked me for up front were asked for AFTER declaring my file as complete.