They are a legit lender, but I have found their terms to be average and their guidelines are more restrictive than other options. 

Hey @Kayla Utley, you sure want a regular lease and do a background check just like you would do with any long term renter.Are they booking it through AirBNB or direct?

I would need a long term loan or mortgage using my house as collateral.

I’d look at it as a long term investment and a great way to offset your living expenses so you can save money and look to purchase other investments. 

Market Research: Study the local market trends, job growth, and property appreciation to ensure long-term profitability.

In terms of brokerages, you really have three types:1.

Hi Gary,I'd recommend comparing the current cash-out refi offer with terms from local banks or credit unions.

Generally speaking long term rentals are the least amount of work while flips are the most. 

-The property does have back property taxes, so I will need to contact the county assessor to find out information on paying those at/after closing, but I want to use that in negotiations for price/terms, as the taxes are now almost 3 years delinquent and tax foreclosure is coming this November if not paid (in full or in payments, tax assessor will know for sure).For context, its a 2 bed 2 full bath (1/1 each side) just under 1,800 sq ft. total, thinking rent for the larger side would be $1250ish and the smaller side $950ish, purchase price I'm unsure of but I would start at $120k due to burn damage and back taxes.

Now, that said, EVERYTHING is subject to the terms of the representation contract one signed.