If you own 25%+ of the business paying your w2, youre still self-employed.There are bank statement/1099 loan program as well, which is what you have been offered.

For sure it is a huge safetly net if you can get it, but strictly applied, seems many of us would be out of business.

 If you start selling houses in Virginia now 2.5 years from now your business would be humming along.

My unfair advantage is that real estate is my job I have made a few different businesses out of it.

They did poor due diligence and a poor business model.  

Allowing the team to assist in some of my "Busy" work, so I can handle more productive tasks. 3.)

Unfortunately most CPA's have not lived through more realistic income tax bracket environments such as the 50s 60’s 70s and 80s……so what I’m saying here is not something that most investors, business-owners, high net worth families, or REI investors are thinking about.

And, I think most women would choose a midwife that has gone through pregnancy.Like the OBGYN situation, there is a lot a CPA may not know about the rental business from debiting and crediting some journals and filling out line 242 on some Turbo Tax input form.And, understanding the operating details of the rental business are just as different from preparing a tax return as being pregnant is from delivering a baby. 

This happens from time to time and is just part of the business.

The purchase to cash flow ratio is much higher than majority of the states in the US but again not the only states.If you need any help or want to talk more REI feel free to reach out I have done a ton of business in both states and can walk you through pretty much anything.