Furthermore, if it is allowed to be written off, how long do I need to be able to show AirBnB receipts for before a lender would accept it as income?

Having two adults in a bedroom and one infant may be acceptable in a 100 square foot bedroom.

He is still living at that same residence and has been there for the past 8 years.I accepted his application last night and today we did the lease signing.

I’m not sure why but he wants to sell them both to the same person so he won’t accept an offer on just the triplex.

Risk acceptance and goals are the two main factors that are unique to you.

I would accept the $3000.

So, I expanded markets anywhere that I could self manage from San Diego, and after a few weeks of briefly studying all the markets within a 6 hour drive, I landed my focus on Bakersfield and finding deals in traditional multi family units that needed work and were severely below market rents. 10+ offers later on everything from FHA, conventional 4 unit, the seller financing route, 5+ unit commercial lending, I finally got an offer accepted as the 2nd offer weeks after it had expired.

You offered him a rental and he accepted it without washer/dryer hookups.

AFter a day or two thinking about it, they accepted the for sure close deal for less money but did not have to wait longer, did not have to list and have many people through their property, did not have to deal with inspection contingencies, request for repairs, appraisal, etc.

I also find myself in this predicament but I will tell you that I wouldn't recommend essentially buying sight unseen, and if you put in an offer most LA's if they accept it will allow you to "view the property" I would just make sure you have some outs like if you find the property is in dire need of repairs and then the tenant leaves you may find yourself with an expensive rehab.