Usually the business structure isn't that important. 

With extra features and self-management, he's making $130,000.

Mindy  Sure here is another link also I've opened it up for long term stays and charge extra for amenities like pool heating. occupancy is 70 percent https://www.airbnb.com.sg/rooms/792049658049677604?

So I don't know how much of a return we would have gotten on that extra $10,000.

The reason has to do with a base line effect, a couple with a stable income that is required to qualify for a mortgage will usually make enough to qualify for a 200k house.

This is why when people ask “Should I get an accountant” on the bigger pockets forum I usually answer 9/10 times yes.

Gap lending is second position usually a small amount behind a much larger amount.

You can either keep the extra cash flow piled away for any future expenses or prepay the loan so you jump ahead in your amortization schedule.Hope that helps and good luck growing your portfolio!

Funding for projects like this can come in the form of a bridge loan which is usually interest only and covers like 85-90% of your purchase price and 100% of construction.

I have seen a few courses but they are usually within that time frame and cost quite a bit of money.