The postings are also very clear about our qualifications:- Income > 3x rent- Credit score of 600+- Must pass a background check and have no evictions in the last 7 yearsWe've had multiple open houses and despite probably 50+ inquiries online, have had almost nobody show up to the open houses.

They could just as easily pass a rule that forbids renting.

Once someone answers all of the questions and pass a thorough background check (social media, county websites, past employments etc.) we will move forward.

If so, if they have some sort of active participation, it is my understanding that that would pass as just a partnership.

The LLC could be owned by his wife, and he'd be the employee (maybe, but I doubt it'd pass a sniff test), but all the LLC income would show up on her return (or theirs if filing jointly), so effectively it's close to the same thing as not being an employee.If he's the sole member of the LLC, he can't also pay himself a salary, since the LLC is disregarded in his case.

I cannot count the amount of times agents at my own firm come to me with a deal that would not pass a hard money loan.

What if he is living there and can't pass a BGC and that's why he is under the radar?