I'm also in Tucson, and I plan on doing something very similar.

I did pay myself a salary last year and plan to do so again, but I won't be able to produce the standard, "...last two pay slips" type of documentation that normal conventional lenders want. 

Personally I’m building a 3/2 1200 sq ft in Durham we plan to sell near the regional hospital at 425k which would be a good rental(mid or short).

Some agents worry about how it will affect their business and client relations, while sellers and buyers are trying to grasp how it might impact their transactions.As a community devoted to real estate knowledge and empowerment, let's dive into this together: Agents and Brokers: How do you plan on adjusting your listing and showing strategies once these changes take effect?

I can't stress enough how often I see investors go all in for the fix and flip loans, but fail to property plan ahead for the perm loans.  

For some reason we all failed to include the tax sale properties in their estate planning.

I recommend that my clients use life insurance to plan for the future tax obligation: either there will be a death benefit to pay the tax or there will be cash value that can pay the tax.Even if the seller chooses to remain in real estate, when they buy their next property, they will start off with a fresh depreciation schedule.

Do this for the whole house and then add on 20% for complete unknowns.Realize that there is some reason that this owner does not want you to see the inside of the house, and plan accordingly.

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 

I think the biggest question these days is how long are you planning to hold this?