Then the self-employment income will allow you to purchase a property. 3.

Hello All,I just recently graduated college, and will be starting my first full-time employment opportunity this upcoming July. 

So yes IMHO, I would reduce the 401k down to whatever my employer matches and save the rest to buy a house or rental property.

Yes insurance is recommended regardless of employing a manager, a manager will not be responsible for insurance but can make the payment on your behalf out of the rental revenue.

It’s admirable to homeschool the kids and stay at home with them but If you are only going to have one employed adult they need to increase the household income dramatically especially for where you live .

I too am Self Employed.

Also, another hurdle is my employment situation has changed and I'm now self employed which has made getting approved for a loan for the time being rather difficult.

Our underwriters just condition for "legal counsel to review and approve ABC Trust" right alongside the stuff like "updated bank statements" and "verification of employment."

Kyle - if you want to determine if  conventional financing is  possible for you at this time ...I would recommend connecting with a loan person to get a formal  pre approval  in place  for any scenario you  care to work with  ...this  process is free and  help analyze credit / asset/ income / employment  and   if  you aren't able to  get pre approved at this time - you can  then be aware of any  facet you  will need to  work on ….thanks

Especially if the syndication deals tend to also employ a similar BRRR type strategy.Any seasoned opinions are welcome as I am really weighing my options.Thanks!