Focus on growing your business profile to transition away from this.Documentation: Lenders often request detailed financials and tax returns.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

BrendanWe typically use a third party servicer as its around $35/mo per loan and they also handle the escrow and end of year tax forms.

That means either you won't cash flow or your Return on Equity (ROE) will be terrible.Since this is your primary residence you'll be exempted from paying capital gains taxes when you sell.If you sell to your parents, it will be considered a non-arms length transaction and will get closer scrutiny.

Once you have income hitting your taxes you can refinance and move there.4.

My prediction that these "bans" and regulations are all going to pretty much converge into reasonable middle ground regulations (mostly including taxes fees) is still looking very good. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

As mentioned seller credits are the best path as title insurance and taxes are pretty much fixed.

Are the tax savings worth all the hassle of STR.

You have taxes and insurance so that pulls another $100 per month- so you clear $600 per month.