If this is the case, set up your listings on Airbnb etc. but block out the calendar until you are ready to start taking reservations.  

Does this sound right?

I'd like to hear any good and bad recent experiences you have had with this lender.  

I ask because a lot of new investors are getting lured into the thought of them because you get paid by the government this alleged "guaranteed rent", but that's not really how it all works.The Section 8 website for your area or the larger one should have metrics per square foot for the area.

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

If your roofer didn’t provide info on this, I’d ask them or check GAF’s website.

Yes, don’t forget the cost segregation study if you plan to take accelerated depreciation.

Would some kind of deal like this ever make sense to you?

This guarantor, who may be an individual or another entity, will be responsible for the difference between what is owed to the lender to make them whole and what has been recovered.If the lender makes the loan to an individual (natural person), this person is implicitly the guarantor via the note, and no separate guarantee is needed.

More work with more risk but can get you going if limited funds until growing into bigger deals.I am still on this site but stay very busy so not on here as much.