I have plans to get a free and clear property under control in capitol hill with an 8 to 12 month purchase option (because they're not ready to move out and sell just yet) then put a rehab VA conventional loan to cover repairs and upgrades, then air B&Bit (other than the roof, the home has all original everything so I'm not quite sure how to estimate needed repairs) Now because of this rule I can't.

If the rents are pretty low due to DC's rent control, your LTV might need to be lower to meet the lenders debt service requirement. 

You lose control and efficiency when managing remotely. 

I had the oven repaired, AC compressor and condenser replaced, and heater control unit replaced.

Water heaters, dampness, foundation issues, control panels, the pricey stuff will show itself.

Stick to what you can control and work on that.

Read the rent control regulation that went into effect.  

So Don, my understanding is that an Option is a one way agreement in which the buyer has full control (to purchase) and is usually initiated to "buy time" - such as in the case of a feasibility study for commercial property.

@Rinee John de Leon is right each person walks a different path and what works for person A won't work for person B.

This gives plenty of time for a bad check to be discovered (which has never happened).I LOVE off platform bookings for the following reasons:My payment provider is cheaper than AirBnB and VRBOs.I have FULL control of the reservation.I have FULL control over the security deposits.I can enforce cancellation fees.I'm not a slave to the reviews.I receive the funds immediately, and don't have to pay the advanced payout fees.Guests pay the credit card fees (still cheaper than the VRBO / AirBnB fees so most are happy to do so)Guests appreciate saving on the fees.This is all VERY easy to setup using OwnerRez.