What's the best source for non-QM second mortgages?

If so, knock that down to about 40k income. 

Her income will not count towards the new mortgage as she just finished up lengthy stay at home mom duties. 

I know that most people who OWN a property and put it on airbnb claim the income on Schedule E ("passive income"), which avoids having to pay the 15.3% self-employment tax.I'm wondering if those who are practicing rental arbitrage by renting the place that they list on airbnb also claim the income on Schedule E, or if you claim it on Schedule C bc you don't own the place that you're listing on airbnb.Whether you own or rent the property that you list on Airbnb, the activities are the same: acquiring the property, furnishing it, activating utilities, listing it on Airbnb, hiring cleaning services, etc, etc.

you should get a RMLO or an underwriter to qualify the borrower. if its owner occupied and in florida you also will need to use a third party servicing company to service the loan which will run you around $450/yr. not an accountant but its my understnding unfortunately the interest income is going to be taxed at ordinary income and the principal will reduce the principal. how you offset the losses talk to your CPA.your best bet honestly is to just sell it and bite the bullet. 

Buy a buy & hold with no value add with a HELOC would be a risky move unless you have the income to pay down the HELOC. 

You have an S-corp that is generating income.

However, you'll still have to get a fair amount of phone numbers and personal contact info from other sources as I've found the ones provided within the contacts tabs in Costar are not accurate 70%+ of the time on smaller properties, or for ones where the ownership has one asset or less.

This is an important status for people to go for since it allows you to write off losses from rental activities on your other active income. 

If one had enough income to cover all their debt payments outside of rental income then reserves would not be as necessary as someone who relies on rental income to live on.