Also in speaking with my mortgage company they indicated to me that if I have a lease of 12 months or more I can use that to show additional source of income /rental income when applying for new loans.In reference to the leases, it varies by different states and cities.

After reviewing his unit that was listed by another company that had sat for 3 months I tried to schedule a showing.The automated email bounced back as not working and two separate phone numbers lead to a recording that said to leave a VM and they would call us back.After that I read the description on their unit and it instructed me to go watch a video of the unit on YouTube and apply through their website sight unseen.I am all for automation and leveraging technology but… this business requires professionals as well.

I applied 10/26 and I just got approved yesterday.

@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.