If I close in 30 days, do I leave my property to a GC for 3 weeks or do I wait until i return to start work?

Those need to be segregated and annotated properly.Ultimately, one journal entry is easy, but it's not going to give you enough detail that you can effectively manage your business and allow your accountant to accurately prepare your tax returns.

Examples of income of this type include income from hourly workers with fluctuating hours, or income that includes commissions, bonuses, or overtime.History of Receipt: Two or more years of receipt of a particular type of variable income is recommended; however, variable income that has been received for 12 to 24 months may be considered as acceptable income, as long as the borrower’s loan application demonstrates that there are positive factors that reasonably offset the shorter income history.Examples of positive compensating factors that we like to see (1-3 will generally do it)...Employed in same line of work.Makes sense from a common sense perspective, like someone is returning to the workforce after being a stay at home parent for a while.Recently finished some training or education program that lines up with the new line of work.Low DTI.Great credit.Income trending upwards. 

Looking for monthly positive cash flow on the rentals enough to get a 5 to 7 percent Cash on cash return on the property.

If it works for you financially, Owner Finance can be a great option.Make sure you pay attention to Dodd-Frank and the Safe Act and don't take advantage of your buyer, but you can get better prices, good return, and tax advantages.

Return--in the short-term, I will force approximately $45,000 equity through a loan of $25,000.

Hello BP,I have used the same screening service for my last two tenants and although the credit checks are  completed and returned promptly, the background check usually takes 5-7 business days.  

You can even use it to land a mentor if you connect with someone in your area and offer them a majority split (like 60/40) in return for helping you through the parts you're unsure on.

This makes it really hard for a person to a day job to compete against these full time investors.In the meantime, will be looking outside the metroplex for better returns and less gimmick.

If he gets it done by the end of the month, we return his full deposit and we'll take care of whatever junk he doesn't want.