And we converted the top unit into an Airbnb...so far we have not had any trouble getting vacationers..that being said we are marketing the unit as a fully furnished all inclusive trying to get a longer term tenant in there. 

My guess is you'll have to look to rural areas.For financing, I'd suggest finding a rural lot, with appropriate zoning laws, and owner financing; maybe on an all inclusive trust deed (AITD).

Add 5% for margin and set your all inclusive rent proportionally.

Rates will vary based on:- Location- Amount insured for- Items Covered- Type of Coverage (ACV vs Repair)- Inclusion of Liability or NotMy most recent policy is about $65/month. 

They are furnished and the price is all inclusive of utilities, cable, WIF, etc.  

This list is not all inclusive but you get the idea.In the process of putting your team together be transparent and let them know what you are doing and what you need from them to help you be successful.  

You were speaking about "creative financing" so AITD "All Inclusive Trust Deed" is just another form of creative financing where you would wrap the underlying loan on a property, have the seller create a second and then you would pay on both with little or NO money down. 

on lease plus option, there is market rent plus option fee for option to buy at at price in the future.On seller financing, a note plus mortgage or note plus deed of trust is used on free and clear houses, Notes generally have interest.For existing financing, wraparounds, AITDs (all inclusive trust deeds) land contracts all have interest paid.In Calif,  AITD and contracts for sale are used.

As an example, it is better to have two separate docs (Lease + Option to purchase) than to combine the two as an all inclusive Lease With Option.

My CPA is telling me that the Investment Credit / Rehabilitation Tax Credit / Historic Tax Credit is a business credit and therefore it does not apply to my overall personal income, inclusive of W2 income.