@Ari Dehbone here are the areas in SoCal that allow for Non-Owner Occupied short-term rentals (NOO STRs for short):Palm Springs: 36 total stays/yrFullerton (near Disney Land)Laguna Beach (non-residential zones)Huntington Beach (Sunset Beach area as long as you apply before 3/1/22)Santa Barbara: Inland (NOO in commercial zones and STR-Coastal Zone Historic Overlay Zone), Coastal (NOO unregulated, but court ruling allows for it)Joshua TreeMalibuBig Bear Lake (92315 zip code)Newport Beach (R-1.5, R-2 or RM Zones)You'll have to do your research on specific properties for cap rates and cash flow, but these are the areas I would look in.

The most restrictive of all the various criteria is what applies.

Curiosity has me thinking this could be an amazing opportunity if it can be applied to single family. 

The 2 years applies to homesteads and agricultural land. 

I will email you information from FBC Mortgage which is our backup Mortgage Company.I replied to the seller: I am currently applying to the second source of the lender that allows me to bid one lender against another to get a better rate or deal.

Would I still be able to apply for a loan without currently working?

I am currently approved for $200, but I may be able to increase that amount when I apply next based off of income. 

The six month seasoning period you are referring to is only applied to those who have a previous mortgage on their home.

See section (C) on this page:https://codes.ohio.gov/ohio-revised-code/section-5321.18Unless those situations apply in your case, I don't think the lack of contact info on your lease agreement provides you any leverage or ability to waive the contract.

It is NOT our primary home, nor could we plausibly make a case that it is, so long term capital gains taxes would apply if we were to sell it.