If you are audited the IRS will want to see supporting docs (e.g. calendar, CC statements, etc).If you've reached the end of this thread and your NGMI on RE pro there are a few more options:1.

The business model is heavily based on the volume of sales, making iBuyers an excellent option for anyone searching for a quick, all-cash transaction.When searching for iBuyers, it’s important to know that there are a lot of scams out there.

I agree with having multiple options / viable strategies.

Erie could be a great option, especially if you guys are familiar with the market and have family there.

Other option is giving a small portion of equity and splitting profits and ongoing costs evenly, but not sure how much equity to give or how to logistically buy their equity out later on if I want to keep the STR for life.

My guess is that you consider many properties as options before deciding to buy one, and vetting wholesalers is similar (look at many, with hopes of finding one).

I was told if I could show a professional license such as a broker license I might get approved but the best option would be a Private Investigators license, otherwise, they didn't see any other path to approval for me or my company.

Since it was a BRRRR deal that we planned to all pull cash back out from, leaving it unleveraged also wasn't an option long term.

Their proposal was for $40k but not sure I have any other local options.

I've seen some lenders offering light doc financing, and I hadn't considered it an option before now. $2500/m.