For the first several years, financing was limited to conventional means, whereby you would have to settle for qualifying for a traditional home mortgage, or non-QM “2nd Home” mortgage, qualifying through your own personal income and DTI.The ProblemThis type of financing makes it incredibly hard to scale, as without being able to count significant STR income to your bottom line, banks would judge you unqualified to add properties and mortgage debt because your W2 or long-term market rent (typically half of what you earn on an STR) was too “low.”

Just remember, the COI is only good for the date that it was produced. 

I just moved out of a home that I was house hacking and the rent by room strategy seems attractive because it can produce higher cash flow every month.

You have an income producing asset that is appreciating but you are allowed to reduce your taxable income by the depreciation.Tenants pays down your loan – A portion of your tenant’s rent is used to pay your mortgage payment.

He's both a real estate and securities attorney and INCREDIBLE!

@Andrew Q. the $80/SF build cost seems incredibly low to me.

Hey everyone,I’m a flipper for already some time, decided that I have enough capital to invest in an asset that will produce me passive income. 

If you are looking to invest into real estate, I have found this site to be incredibly helpful.

I guess the difference is I am risking millions and producing a product and doing a ton of work to create the delta. 

My point is OOS has some awesome properties (including our Gulf Shore duplex) at what seems like great prices, but historically they have not produced the return of San Diego (or coastal CA) buy and hold properties.How good have our Mission Beach STRs performed?