Quote from @Simon Walker: Quote from @Andrew Syrios: Could you "split the difference" so to speak and go back to work for yourself but limit the number of clients you take on so you only need to work 20 or so hours a week?

Thats how I started in real estate and how I help clients today south of Boston and in RI.

If they work independently, set their schedule, and use their resources, they might qualify as a 1099 contractor, but misclassification risks IRS penalties.Wages for W-2 employees and payments to 1099 contractors are both deductible business expenses, but compliance is key.This post does not create a CPA-Client relationship.

Usually I don't like to buy or recommend to my clients to buy where there is a lot of new constructions going on that don't have a cap on how many properties they sell to investors.

Make sure to ask for client referrals and interview more than one company in Flint.

I do have a client with almost similar situation.

I have a client that bought a condo to rent after living there and the HOA ended up outlawing rentals.

We value the opportunity to work with clients and partners in the real estate community.To address @David Ramirez' suggestion, if any title issues are found, the earnest money is fully refundable.

In my 25+ years of representing clients before the IRS, not once did the IRS ask to prove that the payments were actually made by my client.

I can tell you with confidence that Many of my clients have done both and it worked out.