Many big employers like Idaho National Laboratories.

We were thinking about taking a loan from that to put a down payment on investment real estate, but he said that he thought he wasn't eligible because he was no longer technically employed.

Have you had many traveling staff employed in those regions?

Their employing brokers take a percentage.

If you are W2 going to 1099 SE (Self employed) then not for 12 months using bank statement loan or a (1 year) 1099 program.

Please note, this LCAM will be employed by the existing property manager.Would appreciate any feedback, suggestions, or interested candidates!

So, the profits (generically, sales price minus cost basis or prucahse price) are taxed as ordinary income also subject to self employment tax.Sale of an investment property, i.e. one that was rented, is considered capital gains.It is your intent of the property that signifies which taxation applies. 

., using a full-doc loan... if its schedule C, you would need to do a 2 year average of this income in order to use it. its looked at as a business, and self employment income. if its schedule E, theoretically you could use the schedule E income calculations just like any other rental even after the first filing.

Between your standard W2 . employment income and the rental income generated - those would be the deciding factors between a traditional cash out and a DSCR loan.

If you have self employment or gig jobs you need 2022 and 2023 IRS taxes filed and all the pages/1099/w-2/LLC/Corp/personal and 2024 income.