The Texas Medical Center employs over 106,000 people, hosts 10 million patient encounters annually.6. 25% of people in Pearland rent while only 21% of people in Friendswood are renters.  

When I verified her employment, she works at a grocery store that I think her husband or family owns.My spidey senses are telling me she is renting my condo for her daughter....I'm really on the fence about renting to the applicant...what would you do?

This is my first post.I want to ask away about investment employment versus joint venture. 

I'm looking for a recommendation of a self-directed IRA and/or HSA custodian to roll over 401k funds from a previous employer.

Hey Ron, welcome.I used to work a self-employed job in NYC that was also very unpredictable with ups and downs, and in 2015 [and years leading up to it] moved to Poconos specifically for airbnb, starting with a small tiny cabin, and it worked out since.

We'll cut to the chase, here's our dirt.The Facts: Ages 51/44, Married, w/10 yr. old childOne steady income 45KOne low income & fluctuating (self employed only 2 years but growing slowly)Living/ renting in NJ (Very expensive market, 2 family units sell over 500K)Fair amount of debt 37K (Car loan, 2 CC, Medical bills)Just getting by each monthCombined 401K's =  150KMy 401 (100K) can be transferred with no penalty to a self directed IRA (I had opened up last year in hopes of using some cash to invest in RE) We are determined to get into REI however we're probably going to need some creative ways to do it with our current situation.

My situation unfortunately disqualifies me for a conventional loan at the moment, as I only have 1 year of work history/tax returns in the US.I was previously employed in the UK, however due to a 1 year gap in employment history (whilst I was going through the immigration process and was legally not allowed to work) my lender has told me they will not be able to complete the loan.This leads me to commercial loans!

Another thought occurred to me though: What if we bought a vacation rental type home and rented it out on the weekends and only lived there during the week for the year (actually only 9 months) that she'll be employed out there, then turn it into a full time vacation rental when we're done (I don't think there's as strong of a long term rental market in the area).

As far as an s-corp, it is not usually a good idea to hold rentals in one, as there are issues if your strategy changes in the future.S-Corps may be beneficial if the income you are producing from real estate is ordinary income and subjected to self employment taxes (like flipping homes, wholesaling, property management).Be sure to talk with a CPA that knows your entire situation before making this decision.

Once you've determined that you can purchase a property, you'll want to employ an agent, tell him/her what you're looking for, and start looking at properties of interest.