I recently learned that income earned through Airbnb often doesn’t qualify as eligible income when applying for a second mortgage.For those of you who’ve used Airbnb as part of your house hacking approach, how did you navigate this issue?

You need a proof of funds or a pre-approval to go with any offer so if it's hard money, they will issue a letter.

The “first-come, first-serve” urgency might be their style, but without a timely responses, it could signal future communication issues down the road and frustration on your end.

It's also unreasonable to expect the PM to know enough about every job that they can identify the problem and explain exactly what the plumber needs.On the other hand, this whole situation stinks.

The biggest issue is most of these "gurus" that get new wholesalers involved teach them to be deceptive when they approach realtors. 

Henry great perspective on the container issues.. 

Many investors do this and don’t see issues, but it’s best to proceed carefully and know there’s some risk.You don’t necessarily have to inform the lender, but it's wise to consult a real estate attorney or CPA to guide the process and minimize risk.

Here is a detailed look into this issue:https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

Spending more than 100 hours and more than anyone else, or substantially all the time in the business.So if you own an STR and meet the test, you can set up a tax deduction machine.Some issues -- You have to count your time, and the time other people work in the biz (cleaning, maintenance, etc..)- If use the property more than 15 days or 10% of the time it becomes a residenceI suspect this is part of why the STR trend has picked up so greatly amongst professionals working in tech.

If you have a relationship with the seller, if the property is fairly priced, if the seller is motivated, and you identify it as a deal, then you can send an LOI after the first call.