I'm sure there's a formula that experienced investors use when prepping a unit for renters, like specific cabinets, countertop, etc. 

There are work arounds to save money but it's always property specific solutions. 

I couldn't find a specific answer for my scenario anywhere. 

  "203k" is a term specific to FHA.There are all sorts of "w2" jobs. 

I would suggest getting with a tax professional to assist you since there's a lot of variability depending on your specific situation not only on a federal level, but with state reporting as well.

I am specifically looking to jump into the short-term rental industry with AirBnB.

If that person is an employee of one specific bank/lender, it's common for them not to have any idea which hits are "their" hits, and which come from Fannie Mae, since they only ever see the rate/fee schedule from the one place they work at, and they aren't typically labeled that way, it just says "2-4 unit cash out:" and lists the amount of the hit in basis points, without specifying from whence it came.

Mods, if this is in the wrong area please move or delete.I pay for a monthly service that gives daily updates to the mortgage market, specifically how MBS are trading and market influences that sway pricing.

I wanted to take a moment and discuss some questions about SFR and respond with some specific trends we expect to see more of in 2024.

However, the guaranty would only apply to the specific property after the lender has exhausted getting funds back after a foreclosure - so its less a worrisome guaranty than if you were just overall guaranteeing a business loan, since the real majority of the collateral and recourse is going to fall on the property