Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Research rates for a payroll service for your employee that can handle your federal state and local employment taxes / calculations Know your federal state local and county tax requirements as well as whether you must have workman's comp for the person or not.

If you make $200k a year, that's $100/hr your employer is paying you. 

Secure W2 employment, tackle side gigs, save religiously, build your credit, and house hack your first deal utilizing an owner-occupied investment loan.

I'm looking to convert my IRA (just rolled over my employer 401k) into a self directed IRA so that I can invest in real estate through that vehicle. 

Are you employed?

And is this renter is gainfully employed, or on some type of rental assistance?

Who are the employers and what major construction projects are underway?

I'm not sure if it's possible in my situation, because I know that you need to be self employed for at least 2 years to be able to get a loan, and I don't know if the lender will take into the consideration the money that I have earned before turning 18.

A bit like a security clearance for employment in a military manufacturing setting.