Prior to this, Matt and I were senior leadersof Profound Commerce, an e-commerce aggregator founded by Matt in 2018.

A home was on it prior but burned down last year and it’s in the middle of a residential community.

I financed this deal through a private lender, allowing me flexibility and faster access to funds compared to traditional financing.

On that website shows a lot different price compared to Zillow. 

You're also LIVING there when you house hack, so you have to factor in what your "normal" comparable living costs would be. 

BUT, once we applied for the card, we were rejected immediately because our debt is so large compared to our income because DUH, we are real estate investors.I figured a lot of other investors might have run up against this issue and I was wondering if anyone figured out how to work around it.

In order to qualify for the primary residence exemption you must have lived in the property for at least 2 out of the 5 years immediately prior to selling it. 

Instead, the Bargain is the discount on the Future Value of the Investment as compared to what you purchased it!

Having a hard time to find anything remotely comparable to this home in CAHowever being a remote landlord feels like a tough pill to swallow hence the confusion. 

Anything not actually apart of your main house (or a basement that is below grade) is considered Additional Square Footage and will have a fraction of the value per sqft as compared to GLA.