As long as the rental income covers your rehab and financing costs, you're good to go!

Larger investors (20+ rentals, multiple partnerships, starting syndications, foreign income) can definitely benefit from larger CPA firms with a higher price tag. 

The DSCR's are 30 year fixed just using income from the properties rather than verifying your income .

He verbally proposed an idea that I move in and pay rent on the whole property while collecting the income from the ADU.

If I get multiple apps I will start with the ones that appear to be the best qualified on paper (based on income, length of lease desired, past rental and employment history) and I'll run those first.  

For 27 yrs i was a stay at home Mom and house wife with no income for the next 23 yrs. 

Any ideas how much single family houses in Butler beach can rent for in terms of gross income in a year? 

Landlord friendly, low property taxes, no state income tax, and can be a day trip from CA.  

I always run my STRs with LTR rents also, as my back up plan if cities change permits or cause me to switch to LTR Thank you for your response,There are some areas that still have new homes for low $300s I figure with a good down payment I can get a bit of cash flow, I know I won’t get rich overnight but when rates go down I can refinance and hopefully in the future I will be in the position to buy some distressed properties and repair them, maximizing future income. 

I have a rental that has a great rate and low mortgage so I make a nice amount of income from it .