I know for bartenders and such this is a problem and read on how they can prove their income so I’m not talking about candidates that make great tips in hospitality that have that kind of employment but more, other kind of people We had a candidate a while ago that claimed he was making great money and showed statements from a short term lender to prove it because he/she had IRS liens.Has there ever been a case where you considered this or is this always a quick no thanks good bye and shut the door.

This is true for whatever method of marketing you choose to employ.

Good riddance to that piece of garbage and the hospital with their outrageous lien and the IRS that slapped me with a lot of penalties and interest over my employer's mistake....blah, blah, blah,Me: The taxpayer just told you the property was abandoned.

We simply want her self employed so we can take more time off!

I will add  that in case of an emergency I had plenty of money in my 401k which my employer makes it easy to borrow from.

If you have w-2 job, you can ask your employers to withhold more so that you don’t have to pay quarterly if your rental is staring to have decent net income.Of course you need to know how much more to withheld.

So how this plays in a real life qualifying example is as follows....If the Fourplex is 800,000 for example sake, the borrower would only need to bring in sufficient income to qualify for the remainder of the 570,000 from their own sources (job, self employ, other rental cashflow, airbnb, 2nd job, interest note income, K1's from other businesses, etc)

Where you look south to Providence and Rhode Island and see properties that still sometimes meet the various investing rules of thumb, here in RI we often look north and wonder why there is "brain drain" and most of the good jobs and employees leave the state for better opportunities in the greater Boston area, where there is actual economic activity and the tax burden (while not amazing) is at least not quite so bad.And in general, when I look at demographics, apart from a few cities like Boston and New York (and even including them), I honestly don't see a lot of people moving to the Northeast, versus moving away from it, for greener pastures in terms of employment, tax burden and cost of living in other parts of the country.So it's hard to "know what you don't know" and easy these days to live in a "filter bubble".

Take the time to learn about different areas and what type of strategy you want to employ.

However, the commute is only about 25 - 30 minutes to research park or Redstone Arsenal (The main centers of employment).