DSCR would be an option, however, if you can qualify for a full a documentation loan your rate and terms (like your upfront closing costs and pre-payment fee that come with most DSCR options) are better with a full doc loan.

This caused an unexpected cost of ~ $12k.

search for Henry Clark, he has all the steps you need to verify demand in that location, your costs to demise may be much more than your budget, I doubt the state is going to give it away.whats the zoning?

You can save cost on a property manager by managing it yourself. 

Also study up on lease renewal restrictions and eviction costs in CA and LA or wherever you are buying. 

Really depends on what market you're in with material and labor costs 

It cost more digital locks (camelot from Schlage), but the flexibility for travelers on FF and also AirBNB will be notable in a higher booking rate :)

Yes there is risk on the Reno costs.

Then if you end up doing a self directed IRA instead of a Solo 401k from not having any self employment income, you are subject to UBIT rules, which can cost you thousands in fee annually just for the filing depending on the complexity - in addition to the tax owed. 

(the messaging/CRM platform, not the 1980's video game)I'm curious to hear of any recently experiences with it.... is it worth the high cost of entry?