When it comes to qualifying for a loan like verifying your income, credit score, debt to in come ratio etc, will it help to say that I receive additional income from my househack tenants aside from my w2?

Do you verify their income?

But I had it set to only allow guests with verified ID and prior positive bookings.

Be sure you contact the county first to verify if you are allowed to operate as a STR in the area you own.

Verifying last 2 years of rental history very important!

If you want to keep them, make sure they are 100% honest about their intent, check zoning to verify they are allowed in that area, charge them market rate, and confirm they are insured to protect you and the property. 

If you are doing a conventional loan your income would be verified by tax returns, pay stubs, and W-2 forms.

For business owners, having a separate legal entity, such as a corporation or limited liability company, provides the unique ability to create a credit identity with business credit reporting agencies, also known as a business credit profile.Reality check:  > Funding your business with your home equity or personal savings/guarantee is a HUGE risk  > ~45% of Small Businesses applied for a Business Loan in 2023  > Less than 2% of SBA Loans are actually funded/approved  > 29% of Small Businesses FAIL because thee run out of Capital  > Your company’s name on a credit card is NOT corporate credit (if you used your FICO score to get it)  > Business (EIN) credit will open new ways to finance your growthIf you keep doing what you've always done, you'll keep getting what you always got!

You have to take information you independently verify and determine what your risk is from that information.

IE; If you are looking at a P/L for last August, but annual property taxes are due November, you are not getting a good "monthly" snapshot.If this is due diligence, you will also want to verify the data being placed into revenue and expense.