Also 3 major players are opening up there doors for business this year bringing hundreds of jobs into the city.Aside from the densely student population New Haven does a good job keeping people employed, and as a Yale employee you receive plenty of housing assistance. 

With that said, I am employed full time so I do have a consistent income.Since the my original post, my DTI concern has been lessened since I vastly overestimated due to an incorrect calculation.

This venture will receive 100% of our time and attention as this will be his/our full-time obligation and only employment the minute I secure a hard money loan.

Are you planning on paying self employment tax on your earnings, or treating them as capital gain? 

But my employer made up a stupid rule, and you placed your trust in me to know what my employer is up to, but I didn't, so now we can't do your loan at the last minute" or (if a mortgage broker and brokering) "Oh, it's OK per the guidelines.

I'm currently employed but It's not something I can stay content with and expect more of myself. 

@Chance CooperI was in the TSP while employed and loved it.  

Hi Dana,Lenders are known to usually verify that the person who bought the home changed their address in regards to tax returns, voter registration, employment, mail, etc. 

Certainly it isn't the Oil itself they are worried about but certainly the multifamily industry is tied to employment and job growth and they could know that job losses are on their way. 

Just trying to get a sense of this.If I were to flip one house that I bought under my name and sell under my name.And if I have a regular full time w2 job.Would that mean that the flip would be considered short term capital gain and taxed at regular ordinary income but that I would not be considered a dealer and - as such - would not have to pay all the self employment taxes involved with that?