They now were gainfully employed but the prior lender wanted them to get current on all payments and was not interested in a  Mod. 7.

Hi All,We have a prospective tenant who says they are self-employed but don't have any tax returns for the past 3 years.

There are other non-QM loan options for self-employed individuals that can use your bank statements (biz) to show cash flow versus, tax returns for income.

Employment drivers of areaCrime of areaMedian household incomeCurrent rent to income ratios, and if value-add deal stabilized rent to income ratiosAnticipated hold periodLength of LoanI/O or AmortizingCapex items and "what happens if you have to hold longer than anticipated?  

The property management company is refusing to share tenant information such as credit report and proof of employment.

If you're self-employed or if you want to count overtime or commission, then most underwriters want to average two years.

I have just passed my first year as a self-employed and looking to get my second property.

Also some employers offer summer internships so its useful to list it and target those students as well. 

Anyway, you are allowed to pay yourself,  but that turns passive rental income into actively earned income, subject to self-employment taxes @Nicholas Radina

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