What proof If any can I request from the tenant to prove this?

This sounds like way more than $100k.

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

Newer isn't always better, and this picture sums it up pretty well. 

This doesn't mean you stop investing in those areas, it just means you need to factor that into underwriting and be prepared for it.

This would be short term and would not be afull time gig.

Has anyone utilized this strategy for a longer term and have any feedback? 

How do landlord bypass this?

Our next LIVE Market Intelligence Workshop is coming up this November and you get to choose the topic. 

If your owner draw coming in every month is $1000 and your mortgage going out is $700 and that goes on for 6 months, it doesn't matter if you show it in the prior month or this month; it will still show $1000 in and $700 out, thus you will be able to see and understand your cashflow.