Elliot, just to provide some further clarification on Carl's comments about regarding qualification for a Solo 401k plan.

. #2 Without getting too into the woods, it can help with your tax planning and mortgage qualification down the road.

Yes you add a refinance loan origination and of course whatever that does to the qualification process but it saves you the tax on the 50K.Short of doing some magic.  

There is a way to count schooling as part of your "work history" if you transition right out of college into your prospective line of work because then the lender could state a case and use that history and your "future projected income" for qualification.

Easier borrower qualifications

I recently purchased (Oct 2016), renovated, and refinanced (March 2017) my first investment property. I plan to purchase at least one or two more properties this year. I am now getting ready to file my tax returns for...

If you already have a completed application we can use that to give you a pre qualification letter with our rates.

Let the tenants know what your "rules" and conditions are and if they feel they meet the qualifications.

Obviously this is a simplified transaction void of preliminary title report, title insurance, inspection, BPO, appraisal and escrow fees.So what are the minimum qualifications to get schooled or even mentored in this business?

I'm not sure if the qualification requirements are similar or not but I would assume they would be a bit stricter and tighter on a home loan than an automobile.