He's someone that I met through the meetups and has a lending business called mr qualified https://mrqualified.com/.

I'd look into the capital gains tax implications if you sell it now vs holding on to it.Yea, I've done the math on when I would have to sell by to qualify for a 121 exception.

Regarding my down payment, I qualify for VA loans and buying a primary residence means very little down for me if I don’t have the funds.

The problem is, airbnb income is not considered "stable" so for qualifying purposes there isn't a way to project that accurately if there isn't any previous rental history for the property. 

You can use a market rent 1007, Air DNA, to qualify.

@Nathan M kieferIf you are getting $400k in W-2 income, unlikely you will qualify as a real estate professional unless: (1) you have equity in the company and its in an industry that allows you to qualify as real estate professional; or (2) you have a spouse that qualifies.

One possible way is to qualify for a loan, get a house with multiple bedrooms, and rent it out to multiple people.

Real Estate should not be depreciated.Depreciation is one of the most beloved tools in real estate investing, but let’s take a moment to challenge the norm: Should real estate even qualify for depreciation?

@Josh LemonsThey have a regulation A offering which is open to accredited and non accredited investorsThe great thing is they have to submit their offering circular and have it qualified by SEC as well as submit financial information etc.All this means is the information is readily available and if you do not understand it then I recommend engaging an attorney who can interpret it.

If the loan is maturing in the next few months, the owner has no way to refinance at the current high rate, since the cash flow will not qualify for the double high interest rate.