And are currently looking for our second deal. 

My current project is a similar scenario - needs a lot of work (+ money for renovation), and I'm turning the basement into a separate unit in order to increase the monthly rental income.

When searching for properties I’ve come across a lot that current rents are below market rent.

I'd be hesitant to break what is working on properties with a low base just to increase units..can/will rental rates increase on the currently owned units? 

Vacants – You can use SmartyStreets.com to find out which address the post office is not currently delivering to.

You may find your current insurance company doesn't and you'll just need to shop around to find someone that does.You absolutely have to have the correct insurance or you may not be properly covered.

Currently paid off.

Currently using as a STR.

My current CPA is not well versed in the realm of short term rentals, finding one that is has been on my pipeline but with all the work involved with the property setup I haven’t gotten around to it.

The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.