Also if an LLC is not properly run it can be pierced as if yoy have no LLC.

This could significantly increase competition.Technology RequirementKeeping vacancy costs low and high guest satisfaction high will depend upon the proper use of technology.

One of my current tenants in Denver lists the extra bedroom as an Airbnb arbitrage and I was totally okay with that, it's his residence and as long as rent is paid and he has the proper licensing/insurance then sure.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Yes you can, If it wasnt done properly the first time, it maybe a good idea to have a different accountant take a look.

I believe I can demonstrate that the property was originally used as a two-unit dwelling, which could strengthen my case.I want to ensure this deal is still viable and that securing the proper permits is realistic, as my financial projections are based on this being a multifamily property.

This means the lender must (1) reject any payments from that point forth (2) comply with providing proper notification (3) allow a certain amount of time for the borrower to pay the loan in full and (4) auction the property off in non judicial states.  

., so make sure you're familiar with those to avoid any issues.It sounds like you're on the right path, and with the proper guidance, you'll be well-prepared to make your first purchase.

I would also try especially in the beginning at least quarterly to complete some routine maintenance and make sure the house is being taken care of properly. 

Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.