I will make that proposal to the person I am talking and see where it goes.

Look into DSCR loans, which use rental income for qualification, allowing you to scale without relying on personal income.

You have a freelance job and you can qualify as REP I sharing this from my personal experience.

I have been on BP a long time and maybe about eight years ago , a person had a small chance of finding a posted house for sale here that can be flipped.

Look into a DSCR, Debt Service Coverage Ratio, loan where the rental income can be used to qualify the cash out refinance instead of your personal income.To Your Success! 

Just to present an alternative point of view regarding California residents investing in STRs, I'd say the gambit still works and works well.For one thing, you still get to use the Section 263(a) tangible property regulations' de minimis rules, which probably mean you can immediately expense most of the furniture and fixtures in your STR.For another thing, while for your California return you won't be able to use bonus or accelerated depreciation for the personal property, you will still use shorter 5-year and 7-year lives for maybe 25% of the improvements.But the big thing: The federal tax bill is far, far bigger.

Some people love that as the initial numbers look good, but probably over the long term they get tired of the common issues landlords face.It's not that hard typically to find a move in ready property, or even to find one that needs minor repairs, where you can capture the equity yourself vs the person selling it to you. 

Who gets blamed for and/or has to handle the following unique to nonfamily roommates:1) Missing personal possessions?

You might get transferred a couple times until you reach the right person.

At this point its extremely likely the individual will default and the foreclosure process will happen and it gives a person who can access the documents a heads up that this is coming putting you in front of the people in C above.Where do you get these documents from?