Piling on...all occupants who are 18 or older (or legal emancipated minor) should absolutely be required to make application. 

Fannie & Freddie could be a great option for you but they have some strong requirements, Net worth, experience, liquidity, DSCR just to name a few.Happy to connect & see if that product could be a good fit for you.

That 2nd requirement is  what makes it close to basically impossible with a W2 job.

If you are not already working with a realtor that is well versed in STR and knows ALL of the requirements for STR, do yourself a favor and reach out to @Josh Green.

@John Jacobs I require my borrowers to have policies that cover replacement cost. 

Wholesalers are not regulated by Real Estate Agency, therefore not required to abide by certain laws and disclosures.

I recently joined the forum and would like to quickly list my requirements without much ado.1.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

Simply gifting him half the property now wouldn’t immediately allow him to claim the exclusion without fulfilling this residency requirement, I don't believe.One thought would be to use a HELOC to pull just enough equity out of the current home and use it to buy a smaller home, or at least the down payment.

As of October 2024, 75% of remote work employees now have some sort of in-person work requirement, up from 63% in 2023 (Source).