I personally have no connections with anyone who is involved in this niche and I'm wondering how other people have started their journey.

Quote from @Alvin Sylvain: This could be a good idea if executed properly.

This approach could keep things straightforward while accommodating their need for housing.

If you do have enough other income then you dont even need to lease out this property to start your refinance.However if you dont have enough income to qualify with no rental income offset then yes you will need to obtain your lease(s) and security deposit + 1st months rents deposited before you can utilize 75% of this gross income - your monthly PITIA payment (in terms of qualification on this property refinance.So all in all Id make sure what your current debt to income position is first of all (DTI) and then strategize to see if you even need the leases at all.

Check with the insurance company first. 

@Oscar Meneses Check out the BP recommended tax partners here! 

You can easily do this on a spreadsheet and it will take less time to track than find and learn a new software.

Reach out to a commercial mortgage broker. 

while i do think it's valuable to analyze properties, it's really difficult to underwrite based on photos. 

Check out File Place: https://www.biggerpockets.com/...The link is located in the footer of every page on the left side.