For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

I am interested in working with MB capital in getting unsecured line of credit and possibly hard money lending.

I use this property and another one as my business line of credit. 

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So is this just as simple as showing how much the property makes or do they also look at personal debt to income, credit score, reserves etc as well.

Reports to credit bureaus.

This could be minor, or major work that we wont know about until that inspector comes out. 

Hi Anthony, it sounds like you’re in a good position to start building your STR portfolio, especially with no debt, great credit, and rent-free living!

I considered sound proofing the ceiling of the unit below but I’m reading articles saying that it can be very pricey and it won’t make a major difference.

Improve your credit and financials so lenders are willing to take a chance on you.