The agent said that subscription requires a phone call in addition to cancellation on the website to "indicate the reason for the cancellation".

It's a long term game, but it does require being active (especially in the beginning).

Most deals require a down payment and some sort of debt / leverage. 

Thus since in both cases you as a short-term landlord are merely providing basic services to your short-term guests (and receiving passive income in return), I would think this meets the requirements for Schedule E and I would think that you can report the income on Schedule E even if you don't own the property, thus avoiding the 15.3% self-employment tax?

@Elton Tate Agents are required by their board to change the status within 1-3 days, but many push that as it's not really watched.We don't recommend offering asking price. 

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I have a new rental and received a tenant application, whereby the tenant puts workers comp settlement to qualify for the income requirement.

I have been taught that some private lenders do not require money down.  

In Nevada there is a required sellers disclosure of any issues past or present with the house.

Hi Hunter,Deals with similar prices can have varying reserve requirements as different lenders have different requirements.