We're also pretty unique in that we are publicly traded on NASDAQ  and offer equity opportunities and the ability to earn residual income via our revenue sharing program. 

At lease renewal you evaluate how it went, adjust if need be via the rent increase, move forward for another 12 months. 

Send me an eMail via the DM  Have a couple I can eMail, but not supposed to advertise here.  

We will use primarily as a vacation home for ourselves, but may at times rent it out (via airbnb, vrbo, etc). 

I have used the approach mentioned by @Kyle J. via Mr Landlord.

Anything wrong with seller financing then getting refinancing via conventional lending asap?

Purchase price: $475,000 Cash invested: $70,000 4 Unit acquired with business partner Chris via Hard money.

I am looking to ultimately create supplemental income via cash flow from rental properties.

So, I reside in San Diego, what I did was to leverage my primary residence via a Cash Out Refi to purchase a distressed property here in San Diego.

I would think there would be risks, I think they get around any licensing based on not having to do trust accounting (funds are still deposited directly to the owner who then pays the co-host via Venmo or whatever).Your experience far outweighs mine I am sure!