Good rental property that may require some cosmetics but a good buy and hold property for $5k - $7k.

The property will likely require substantial work to make it a rental.

then the entire balance is due in usually 6 or 12 months.

I was about to ask a similar question (and still will due to the current economy), but appreciate the discussion on this thread about the pros and cons and level of cash flow required to make the early withdrawal penalty worth it.. 

My property management thinks he is qualified based on just 4 pay stubs, employment verification and one screen shot of bank statement (just total. )when I ask my property management to ask that guys to show actual bank statements ( not screenshot of avail balance) and w2.my pm said, “it’s easy to find fraud using screen shot. the more I wait the more I loose.

If you cannot survive without a certain partner and they have greater control over your business, then you need to adapt and conform to your partners demands.In this case, either eliminate ABNB from your operation, or abide by requirements.

The AIO is our only debt on the property and is in our personal name (not an LLC) as a requirement of the loan.We are looking to do an extensive addition/remodel on our personal home, and given current rates, we are considering using the AIO loan to help pay for it. 

Second home also has requirements about occupancy that we are unsure we could accomplish. 

Requires patience and potentially looking for off-market deals.Accessory Dwelling Unit (ADU):Pros: Offers privacy and less noise transfer.

I think that purchase price is pretty close to the minimum loan amount requirement lenders have for conforming loans.