Yep, and notes that never have a payment made are easy targets to push into a fraud case, I saw that in later posts.Best time to hit on fraud for an individual note holder is in seeking a judgment, you're already before the court, otherwise, you are seeking an attorney to take a mortgage fraud case, mush more expensive as that is a tougher case to push initially.Costs of judgments and amounts outstanding need to be weighed.

ET Homeowners soon will be able to count income they earn from Airbnb Inc. rentals on applications for refinance loans.A new program -- expected to be announced on Thursday by Airbnb, mortgage giant Fannie Mae and three big lenders -- will allow anyone who has rented out property on Airbnb for a year or longer to count some or all of that money as income.Refinancing can be a way for a homeowner to tap home equity for renovations, college tuition or other big expenses, or to reduce their monthly payments.Lenders have been tougher on income from side businesses and part-time work since the mid-2000s, when poorly documented income claims on mortgage applications helped fuel the housing bubble.Airbnb, which launched in 2008, argues that its service includes reliable technology to track income, and that it is helping middle-class Americans stay in their homes by giving them a way to generate additional cash."

Unfortunately, they don't offer anything more than 20-year loans, as opposed to the 30-year in conventional residential, which makes my cash flow calculations a little tougher to hit. 

Bank owned DUS lenders tend to have an additional FDIC mindset when underwriting that is sometimes tougher than Fannie's requirements.

Since you said NW area, it's a pretty varied area...I'd bet there are some in the valley that would cash flow, but a bit tougher to rent I'd think.  

We picked up some during the great recession but with prices and interest rates on their way up, it's becoming tougher.

Also Sec 8 tenants are a little tougher on units (anecdotal) and you need to chase them for the co-pay (rent - voucher amount).TLDR - You usually can't reject just because they're Sec 8, but treat them like an average applicant otherwise.

Obviously tougher lending times for even the most successful.Investors will, once again be careful how their tax returns will look in the near future. 1031 exchanges, for example, are nice, but don't show up anywhere except in the basis of the acquired home.

Also, the smaller multi-family properties frequently are in the tougher neighborhoods if this is a concern.

Here the 21 year wait period makes it tougher.