Once approved, it shouldn't matter if their rent is paid by them, their wealthy uncle, an employer, an insurance company, or their sugar daddy.

But if he has capital in his account, then most likely he's already paid taxes on that money.

At least the work will line up with your goals and you will be getting paid money and a free education in property development and management which are the two things you need, money and education.The only fast road to this is unlimited cash, which you dont have.

I can’t stress enough how important it is to stay focused and avoid some of these common pitfalls early on.Quick thoughts:Find the right Realtor – Make sure they’ve got some skin in the game with househacking or investment experience.Budget = Game Plan – That pre-approval is your marching orders.

I look at it through the lens of: 1) If I contribute to a pre-tax account like a pre-tax 401k, Traditional IRA, SEP IRA, I get a tax deduction, but now I'm in a partnership with the IRS, but I don't know what I will have to pay them later on in life when I start pulling money out (that is because when you distribute you pay taxes based on your effective tax rate at that time, which can be unknown). 2) With Roth accounts, (Roth IRA/Solo 401k(k) with Roth component), I can get the taxes out of the way on the seed, so I don't have to pay on the crop. 

To get pre-approved for a loan, speak with a mortgage lender, research neighborhoods that fit your budget and lifestyle preferences, and consult with a real estate agent.Good luck!

However, the number is still down by one-third from pre–COVID-19 days.

Ask for last 12 months of bank statements to track rent payments were paid on time.FYI: how "deep" is their credit report?

For the moment let's leave out what I paid for the land, because it will vary and in any event it is easy to subtract that amount at the end. 

As one house is paid off, start paying off the next one, and it will have a snowball effect.