I pay my landlords a premium and they have none of the worries or troubles normally associated with traditional leasing.  

How do people traditionally go about funding this when you just get started.3) Take out a home equity line of credit. $20k again. 

@Antoine Martel Please refer to this article:https://la.curbed.com/2017/1/9/14219298/granny-fla...No, I honestly want try traditional financing first before entertaining HML.Mattaniah

Fazio at Diaz-Christians. 

Most of the deals I do are with truly motivated sellers who can't wait that long or for some other reason don't want to sell through the traditional route and are willing to trade equity to avoid it.That said, be careful in analyzing your deals, and don't get caught up in the hype and pay more than you should because you baked appreciation into the numbers.

My husband and I have law school and medical school debt that excludes us from traditional lenders.

A lot of those kids are going to hang around for the summer anyway, as opposed to traditional dorm students.The only caveat is that it should be walking distance or a short drive or bike ride to campus.

I still have to make a few modifications, but looking for thoughts about using this instead of a traditional paper application.Click for Rental ApplicationThanks!

Also it wouldn't be traditional leases, it would be short stays, traveling business, etc.

Why not just use a traditional renovation loan?