With a major home remodel and addition under my belt and a strong interest in environmentally responsible home building, I am gearing up to begin an investing journey.

Do you find that expenses are usually 50-60 of income?

To make matters worse, in order to maintain access to the private FB group after 90 days, you have to pay an additional $450+ per month (yes, you read that right).

Additionally borrowers could be asked to go once step further and provide copies of 12-24 month bank statements reflecting where the payments were withdrawn from.

Some will even allow AirDNA projections (usually with 25-30% down) as the rental income for DSCR (debt service coverage ratio)  for investment properties as qualifying income. 

They advertised them as turnkey and "guaranteed $65k in income every year."

Real estate investing, in very simple terms, follows this basic formula:Income - Expenses = ProfitIf you own a single-family home and the rent income covers all the expenses and leaves you with $200 profit each month, that's called your "cash flow" and the property is a good investment.

For the income to switch to Sch C reporting, you also need to offer services similar to that which a hotel might offer such as daily housekeeping, food/drink, and potentially various other amenities depending on how you'd like to qualify.What you describe is simply changing property managers, it doesn't really matter whose name is on the AirBNB listing.

But this can be a significant additional source of income because people are generally willing to pay pet rent.

Quick info on me that could possibly help: Licensed realtor, good credit, first rehab I’ve owned but not the first flip project completed by the GC or by myself as the realtor, strong W2 income in addition to real estate.