Additionally, I’m considering converting a garage into a bedroom.If I want to list these properties on Airbnb, I understand I’ll need to obtain the following:•BTR (Business Tax Receipt)•CU (Certificate of Use)For these, I’ll need to undergo a city inspection.

The 1% rule is still obtainable in several markets here in the southern/middle part of the country.

Are there other ways to obtain a mortgage loan without a current income with a good amount of cash on hand?

I just don;t see the demand.

Do they do the full 4506-T to get transcripts of your taxes?

Let's assume there is no CO obtained immediately after the sale (will do later after repairs are done), and no township or local-level inspections requested.Is the township automatically notified by the county of the sale or is there some mechanism by which they would learn about the sale and update their records, other than by the buyer telling them about it, or applying for a CO? 

So, we obtaina full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc.to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.

1) Great first name. 2 R's and 2 T's unite. 2) These are amazing tips!

I understand that you can obtain a fee for introducing  buyer or investor to an owner of a property.

If you want to get a weekly dose of STR info I highly recommend signing up for Garrett's STR news that is emailed weekly, here's how to do that - https://app.tango.us/app/workflow/BiggerPockets-free-Short-T...Keep us updated on what you decide and how things turn out!