You might not need the liquidity per se, but you might have opportunities arise as you go that would be easier to execute if you had funds.  2) $200K is a great annual cash flow. 

The other program will use just one full year of tax returns or 1099's and if the business has been open for 3 years or more you avoid previous years income & losses.There area lot of new programs out there for SE borrowers just make sure you check with other banks/lenders.  

Or the best info they received from so called 'experts' in those fields. .I am not a wholesaler, per se.

Its not necessarily a myth per se but 8% per year, some might consider boring.

Is she pro se (no lawyer)? 

per se.  

Ping LiuThat is technically true; however, you may want to consider the possibility or investing through a corporation that way not 100% of the earnings are subject to SE tax.

Your lender should be able to help explain that the cash flow is the same with or with out the corporation (only difference is Salary + profit split = save on SE taxes - not tax advice).

 For the people that say even if you have a full time job and do just 1 flip...that the income derived from the flip is automatically subject to SE tax of 15.3%.

The bill would make rental income subject to SE tax.