Creative Financing For Spouse

[Sam Collins]

Good Morning BP,

I want to run a current idea by all of you.

I am wanting to find a way to provide my wife a "W2" style of income. The reason I am wanting this is because I want her to have the financial history behind her for a conventional loan when I hit my 10 properties. Currently she is a stay at home mother. My plan is to open a LLC in my name for a property management company. I will then hire my wife as a manager and pay her 10% of the gross rent of the properties in my portfolio.

Has anyone done this or even herd of this? Not sure how it will work out