Goal is long term rental. 

Hey BP community,We just bought our first property that we plan to use for short term rentals. 

They are going to do pretty much the same what I am doing right now (which is posting on Zillow and similar sites and putting a board in front of the property) as long as it is about renting.   

@Jacob Henry WirthFrom Huntington beach as well..New to investing have 2 long term rentals here..Interested in scaling and meet-ups..

The solution to that problem is that next to our attic there is a small room with a toilet and a shower, which one of our neighbors owns but has not used for a long time.

It sounds like you're saying that the cell can have a separate bank account opened as long as the master account is already in place (at the same bank) - is that correct?

There is a solution though because there is Non/QM which offers a few programs like (1) year 1099, Bank Statement, and DSCR programs. 1 year 1099 is self-explanatory, Bank statement uses 12 or 24 months bank statements gross deposits and divides that income usually 75% over 12 or 24 months, and DSCR requires No income or job, it uses the rents of the property as income as long as the rent(s) are equal to or greater than the proposed PITI payment.None of the above Non/QM offer construction loans though so you will need to stay W2 or wait 2 years.

no one drives buyers around anymore.. thats a thing of the way long ago past. they will drive to the home to open it up for the buyer..

I have no idea how long those type of windows (or any really) last, but pretend it is 40 years and they are 20 years old. 

And I am fine with both long term and short term rentals.