It won’t catch everything in photos yet, and comps can be off, but as a way to speed up deal reviews and analyze more properties in less time, it’s been pretty useful.

My understanding at the time was that I may not qualify any other way.

You've done well with your Class A rental, generating $500/mo in cash flow, this adds up over time.

We are wanting to add to our real estate investments, but are having a difficult time deciding which market to consentrate on. 

Although you could officially sleep 9, most times you will not, and if so often times they will be children. 

Private Money or Hard Money LoanHow it works: Short-term loans from private or hard money lenders to purchase the lot and finance the construction.Benefits: Easier approval and faster processing, focusing on the property value rather than your income.Downside: Higher interest rates and shorter loan terms (typically 6-18 months).

Really expedites the time it takes to reach FI when you can completely eliminate your housing payment and get into multis for such little down and start building equity/cash flow with each one.

I’m aware of this happening once previously last summer, but thought it was a one time accident.

One of the main points of these regulations is to get people to start paying hotel occupancy taxes because at this time very few are permitted or paying taxes.

This tenant has always paid rent so there is no rent I am looking to collect at this time.