This week mortgage applications hit a low not seen since 1995.One result: mortgage industry employment is down 20%.

It seems reasonable to ask for proof of employment, perhaps a (small) security deposit, but beyond that, they don't want to bother with the usual "getting an apartment" paperwork.

What type of loans are appropriate for business owners and self-employed individuals to scale past 10+ properties? 

As such, the profits are taxes are ordinary income subject to self-employment tax. 

Your profile mentions that you ahve ownership in an LLC - WoodRich Hospitality Services LLC.If it is a multi-member LLC, there may be a separate partnership return required.If it is a services based business, there may be a benefit to operating it as an S-Corp to save on self-employment taxes.

the longer answer is... if you are employing a combination of creative strategies then it's possible to reduce the amount of cash you need to put down / to close. 

I am self employed contractor and have half the year off to do renovations over the next few years.

As such the profit is taxed as ordinary income subject to self-employment tax. 

*This is the fourth post in Fayetteville NC Market Data Thread*Fayetteville is the 6th largest municipality in NC, supporting a population of around 208,000 within cities limits and MSA of ~530,000 and employing about ~76k people. 

If you're getting burnt on bad repairs it will help to use techs/subs that have some built-in accountability so you have some recourse if they burn you - whether its with their employer or a review on the platform you hired off of.