I'm not an attorney or CPA, so consult them before you proceed. 

We consulted with various underwriters and all said they would call for a release if this came up in a title search.  

Consider consulting with a real estate attorney to review or draft your wholesale contract to ensure it adequately protects your interests and complies with applicable laws.

Hi Soyoung, Consider consulting with a real estate attorney or property management company familiar with the area.

You would need to consult with a (local) lender to see what is available to you for that property, but I am assuming 20-30%.You would likely have 2 options with that property - 3 2 bedroom unit listings, or 1 6 bedroom listing. 

Google search "landlord/tenant attorney (insert your city)" keep in mind to ask the important questions during your consultation because after you've accepted them for the job they charge from anywhere from $250-$400 an hour which includes; phone calls, emails, court appearances etc.. 

It's a good idea to consult a lawyer and/or insurance company for professional advice on these specific matters.

After consulting with my CPA, I am now confused.

I know people are afraid of guests filing a credit card dispute and having your rent charges reversed, but hardly anyone talks about Airbnb arbitrarily refunding guests without consulting you and that's a far bigger risk IMO (which is why I don't list my MTR on Airbnb).

You’re looking for areas with low vacancy rates and strong rental returns.Being a real estate consultant who’s worked with various investors of different strategies over the years, I agree with some of the comments here; turn-key properties are the way to go for someone in your situation.