Use the "extra" income to build a reserve for maintenance, vacancies, and other expenses that don't happen regularly.

I only recommend this route if you are looking up a lot of properties regularly. 

I know some regular conventional investment property loan programs have certain rules about this but does Fannie Mae?

Ordinary/regular income: compensation for work or running a business, such as W2 or 1099s, as well as retirement distributions.B.

If the house takes longer to sell, we aren't losing money every month on interest payments and can hold for the right sell price.Cons:We lose our regular stable monthly income and have to rebuild again (we have done this before - this would be our 2nd "bootstrap, build, sell" business)We lose our 5 year history when it comes to conventional mortgages and moving into a new home for our own family in the next 2-4 yearsThoughts / recommendations?

It's a regular response to help someone.

While we both work regular 9-5's, we wanted to do this on the side until we can turn it into a full time thing.

Booking Management- Calendar Updates: We review booking calendars regularly to ensure everything is accurate and to avoid double bookings.Tracking Occupancy: We monitor occupancy rates and adjust prices or run promotions as needed to fill any gaps.3.

Now using the de minimis/routine maintenance safe harbors instead of bonus depreciation for appliances, carpet and the like.

I've seen 1.5x - 2.5x DSCR routinely when pricing out 2 - 4 unit buildings.