Thank you very muchJaša This is how traditional banks, private credit funds and anyone in the lending space works.The challenge you will have is finding someone to give you money at X%. 

Now, I typically only use them to skim stats on reviews and the more basic items. 

You don’t need a 50 page llan you will never refer too but a one pager with actionable items is my recommendation

I still have clients buying in Vegas, but it's not as common due to cashflows being hard to come by with the traditional 25% down financing.  

There are some services like Guest Ranger but we do not screen in the traditional sense.Make your house rules clear and make it clear they are enforced, then they tend to screen themselves. 

I already have one traditional LTR with a traditionally-qualified tenant.

If the property is making money - and I mean really generating good cash flow - then those taxes are just another line item in your budget.

I could likely see many things from the TCJA being made permanent, mostly procedural items like the higher standard deduction and child tax credit (Plus eliminating exemptions).

You can refinance into more traditional loans later, but that initial speed matters.

     * House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA     * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?