Understand the local permitting requirements, keep eyes on your property to avoid squatters, and make sure you have a great vacant insurance policy while you're renovating.

They required me to have reserves, experience, describe what I would do with the property and they did an appraisal on the property. 

There's also plenty of lenders who falsely represent the true capital requirements to originate their loans or are merely up front fee collectors. 

I know lots of installers don't do it, and I personally prefer the unimpeded look, but anything installed outside of the requirements of the material is probably going to be limited, i.e. the insurance company is not going to pay you because the material was not installed according to flooring requirements. 

However, when seeking a non-recourse lender, I suggest starting by reaching out to lenders who specialize in working with self-directed IRAs, as they’re more likely to understand the requirements.

And, voilà, you have your own guide.Problem is what they'll likely want to know will probably be basic and already covered by those guides.

Its a great idea, but you will need to consult the township in order to understand their requirements for liveable space.

If you are working with a lender who securitizes their own loans, they will likely have a similar requirement.

I think it would require a major asset heavy backer to provide the confidence the investing public needs to scale to profitability.  

Hi @Frank Pyle,**I am not affiliated with any of the companies mentioned**To secure long-term financing for your Airbnb, look for DSCR lenders that accept pro forma income instead of requiring 12 months of rental history.