Consider consulting with a real estate attorney to review or draft your wholesale contract to ensure it adequately protects your interests and complies with applicable laws.

Operators use bridge debt because the lender is more flexible as to DSCR and LTV/LTC than banks and agencies.  

Not all STR's are created equal Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

But I heard a lot of bad reviews about property management companies.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You'll likely want to start with reviewing the requirements under Prop 19 for retention of the base assessed value when adding a child to title, and also look up the rules for a basis step-up at death. 

For example, if the lender transferred you $9,750 because the draw was $10,000 and the draw fee was $250, the entry is as follows:DR.

Go look at similar listings (size, amenities) on Airbnb or VRBO or wherever you're listed and see what the cleaning fee is for a 2 night stay.Some day you may wish to hire a cleaner, and it will be a rude awakening if you were artificially inflating your occupancy with no cleaning fee and all of a sudden have to add a cleaning fee.On the other hand, while you're still starting out, getting a lot of bookings and reviews right now is the most important time to do it.

@Kent SmithYour CPA is wrong - you can deduct operating expenses against rental income to get to zero.If you have a net loss after this, that loss is NOT deductible and will be carried forward.Review Schedule E and it will clarify how this all works.Schedule E go to IRS site and take a look and also review instructions.Good luck.Arm

You have many possibilities:Research Contract for Deed & Seller Carry back financing.If they were able to qualify with a non QM lender for the 1st Mortgage  you could possibly have a 2nd position loan with an equity participation component.