Appraisal transfers are pretty easy with the program I've got in mind.Your terms are better but I signed today.

Just want to put that question out to you as well, depending on your short-term and long-term goals.

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?

Goal is long term rental. 

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.

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..

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.

How long did it take you to build enough reserves to purchase in cash?

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. 

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