If done properly, short-term rentals can offset directly against ordinary (W2, active) income without the real estate professional status.Losses generated by increasing depreciation with a cost segregation study, can be used to offset active business income without qualifying as a real estate professional.

My concern is qualifying for loans with no W-2.  

Sometimes business owners struggle to qualify for a-paper loans due to inability to prove income.

You can refinance in his name to conventional cash out IF he can qualify.

My practice is to refer buyers to the websites listing qualified (InterNACHI or ASHI here in NM) inspectors and let them contact some to find out what inspections they perform, what special equipment they might use, how much they cost, are 2nd visits after repairs included in the cost and how far out they’re booking.The buyer books the inspections.Licensing is just going live here and so I will ensure buyers are given the opportunity to hire fully licensed inspectors.

Interest rates are driven by: your middle FICO, if you can qualify with IRS taxes or if you need to qualify with Debt Service Ratio or bank statements or nothing, type of property, down payment, loan amount, type of lender

Should they be forced to take the first qualified buyer that offers list price? 

Exceptions were made for owner moving in, owners family moving in, significant remodel of the unit that requires it to be vacant during the work (replacing kitchens or bathrooms, a paint job doesn’t qualify).  

Thanks for sharing.I do most of the same but I do not want them to apply.I takes to much effort to review the app prior to pre screening.Every potential tenant has to answer prequal questionnaire first.Then the visit is scheduled for those that qualify.Then the app, if they appear to be most qualified based on their answers and initial in person screening.Just like a job interview.

It will also be almost impossible to use any AirBNB income on your current property to help you qualify for your next primary home.