Separately metered gas & electric are generally viewed as more valuable because water is less commonly metered.

This goes against another commonly made argument that the HELOC saves next to nothing.  

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Would it be accurate to say that in this scenario, you would be forced to legalize the unit and forced to evict the tenant from the unwarranted unit?

I am launching my first STR and I was wandering what are the most common site for bookings besides Air b n b and what are their pros and cons. 

Hi Joseph -  For your first scenario, if you acquire another SFH with a traditional investment loan, the rental income can count toward lowering your DTI, but typically only a portion of it (usually 75% of the rental income is factored in).

However Property tax's some of the lowest in the coutnry and property maintenance same thing if you buy a stucco home with a tile roof.No real major weather threats like many markets  IE hail storms wind storms etc.. can get windy but thats common.. 

Our job as lenders is to provide education for clients for THEIR SPECIFIC scenario, not to educate the population as a guru on why they should get into real estate investing.

Does not mean they do not exist but it feels a bit like looking for unicorns.The more likely scenario is finding a 3/2 for $2,500 a month that bring in $5,000 a month in revenue. 

In all of these scenarios, I kindly replied "Sorry, no vouchers", or "I'm sorry, we're not accepting vouchers at this time".