The major issue I'm encountering is that because I'm a 1099, banks require 2 consecutive years of tax returns evidencing income for a conventional loan.

Seems like the ultimate "Passive Income"What problems have people encountered? 

I think part of the reason it's difficult to get a sf price for rehab is, you don't know what you're going to encounter. 

I think there was some sticker shock when we saw the $28,000 price tag.

Even slapped with one of those obnoxious "DO NOT PARK HERE" stickers that are hard to come off.

My concern is that every single bankrupt rental property operator I've encountered was using this strategy in the late '90's and early-to-mid 2000's.

Respirators are a good idea for this scenario, if it is encountered.

Should you encounter hard times after buying your home, FHA has many options to help you keep you in your home and avoid foreclosure.

They should put a sticker on it saying it needs to be moved and will then tow it if it's still there.

. - - don't know if you do or don't have any residential rentals, but my experiences in this area indicate that most of the renters are following a pattern of behavior for a while, not just encountering a bump in the road.