Future rental income is not able to be used.Keep in mind that retirement assets (401K, IRA, etc) are eligible towards reserves, and so are any other investment accounts.Rental income is only used towards the income portion of qualifying, not towards assets.Hope that helps. 

It all depends if I can find another house to do something similar with in the future.

So, I've been reading and hearing about the market and future growth of NC.

Many of us specialize in recovering the money you left on the table during the past 3 years. it is called amending your past tax returns.Still, the most dramatic difference we can make is in helping you structure your business and your real estate deals in the way that will minimize your future taxes.

This approach helps to avoid being taxed on appreciation and allows for higher depreciation in the future.

Perhaps consider future flexibility and keep the 22 acres with your home separate from the other acres. 

In the future, remember that Airbnb does not like it when you cancel on guests. 

@Abraham Lipets, I have a few questions:What are the rent collection options that are provided currently and what more are planned to be available in near future?

As I am just starting up on real estate investing cash flow is my biggest focus at the time and will plan to diversify my portfolio in the future.

That is how AC can make a house 76d when it is 116d outside.B) Yes, when the average global climate temps rise, it will be more difficult to cool the average home....and conversely, when the global temps drop (which they do in a cyclic manner over the millenia) future AC systems will have an easier time of it :-)