Encourage him to build credit to 680/700+, get 20% down, and have 9-12 months reserves and then he can get a No Income loan from one two different lenders. 

Thank you very muchBeau,In my opinion the math and the numbers on deals don't lie and are also a great way to build a plan.

., deductions, 1031 exchanges), could potentially outweigh your current W-2 salary over time.Suggest a trial period for the first deal, involving him in decisions to build trust and confidence in the process.

Ok, but I mean is it against the rules?

I personally like to buy in towns/neighborhoods in which no new builds are possible within 10 miles because all the land is developed.

As I look into the market and start to build a team I had a few questions:1)  How difficult is it to get and keep a rental license OOS?

I started out with little to nothing when I was in the Army and building up properties slowly. 

The recent leaps in pre-fab builds is the spear head of things.

Glad you are setting aside money, but if the HVAC is 20 years old, or the septic system has never been pumped, or the roof is 25 years old, etc; you will get hit with a cost before your build up enough set aside.How stable is the other tenant? 

Are the new builds for owner/occupants or build to rent?