Although I collect rental income from our long term tenants, the lenders consider it "Border Income" and will not count it.If I buy a STR, will the income generated from that count as income when qualifying for another mortgage?

#9- Require that your Private Money Lender disclose their full identity, personal and company contact information that can be verified, skip traced along with proof of the nature of their business, bank and client references etc.

Well said, it isn’t easy, but proof that so much of the deal can be made when you buy and that there’s always a way forward, just might involve getting creative.

It could be for any strategy--not just STR...There's a money partner and sweat-equity partner (I'd say "managing" partner in LLC lingo): the money partner initially collects all profits in a scheme where the sweat-equity partner works off his or her half of the initial downpayment in what Carl calls a "mini-mortgage." 

I am a little intimidated by renting but consider having a few updates made to renter proof the place.  

You’d probably still start with your insurance, give them a copy of your notice/documentation, and let them collect.

We will be spending our time extending leases, creating property documents with proof of rental history and stabilized the property.

The company I'm working with won't count rental income until it has been collected for two years.

In my opinion they should be collecting my lost rent as my priority #1 and if they are able to collect their listing fee from the tenant on top of me getting paid on my losses from them good for the PM. 

Do you have a proof of funds or a vetted million-dollar buyer list?