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."

They provide some or all the funds for down payment.

I should be allowed to roll some or all of the funds to another institution within 60 days much like an IRA ( or back to the same institution) should I not?

In this case investors (Members) continue to own their share of the LLC and receive dividents even though most or all of their money may have been returned to them.Hope this helpsNick

You indicated this is a drainage easement, which can be fuzzy, meaning is may give the right to drainage over a portion or all or the site.

Have you worked with any commercial properties in your portfolio or all residential so far?

No kitchen, just microwave and small fridge.Thinking about updating all the rooms (either individual looks or all uniform) and run it as 12 airbnbs.  

@Albert Bui This is a pretty newbie question, but is there any way I can use another bank, maybe local or national, to loan against some or all of the equity I have in the house?

This refinance, if it is a cash out might increase your cash on cash returns because if you get some or all of your original contributions out you may have up to an infinite return.Why would you put 0% down when making your assumption or what are you trying to get at when doing that?

Keep in mind if you collected a security deposit you can use part or all of that money for repairs.Your best defense against this is to thoroughly screen your tenants.