Securities and Exchange Commission (SEC) as: a bank, insurance company, registered investment company, business development company, or small business investment company;an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;a charitable organization, corporation, or partnership with assets exceeding $5 million;a director, executive officer, or general partner of the company selling the securities;a business in which all the equity owners are accredited investors;a natural person who has individual net worth, or joint net worth with the person's spouse, that exceeds $1 million at the time of the purchase, or has assets under management of $1 million or above, excluding the value of the individual's primary residence;[10][11]a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year;[12] ora trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes."

With a total of 150k for a down payment.Heres what im having trouble with i have 20 percent down payment and have credit in the mid 700s,But being self employed and having mostly a total cash business i haven't really setup my tax returns properly, but this year im trying to fix that since im hearing i need a w2 for a loan.I also started a construction company and have a couple minor contracts with some schools.So i was thinking if i pay myself as a w-2 employee For the next year.Do banks accept this?

My goal is to ultimately own a investment company that is fully systematized with multiple employees while owning a few hundred units.I have been reading books and doing online research and have a basic understanding of the business.

Prevent any person, partnership, trust, association or corporation, or the partners, officers or employees of any partnership, trustees or beneficiaries of any trust, association or corporation, from acquiring real estate for its own use, nor shall anything in this section prevent any person, partnership, trust, association or corporation, or the partners, officers or employees of any partnership, trustees or beneficiaries of any trust, association or corporation, as owner, lessor or lessee of real estate, from selling, renting, leasing, exchanging, or offering to sell, rent, lease or exchange, any real estate so owned or leased, or from performing any acts with respect to such real estate when such acts are performed in the regular course of, or as an incident to, the management, ownership or sales of such real estate and the investment therein.”

I'm curious about whether my plan for acquisition this coming year is half-baked...I'm a single mom of 3, renter, who's been drawing only about 40K annually from her business so that i could systematize it with employees and scale it (which is working well), so I can draw more out of it this coming year, but my credit is maxed out and I have no cash. 

Today my companies are more manageable by employees thanks to the systems implemented by me, but I want to return to RE.

To get a feel of how it goes in your County be going through the research and going wherever you can buy through an auction and just witness the process of the sales.Most locations on are on the web but you have to ask a Country employee to help you and get all of the basics through them.  

Yeah, you may or may not have property ownership, but there's a ton of other issues that far outshadow REI scope.You'll become an employer , have to deal with labor laws, SSI, Workman's Comp, vacations, cost of goods, employee shift scheduling - - blah blah ...Operating a B&H rental was interesting enough for me! 

I will provide commentary in bold to reflect my current sentiments or actual situation as it applies.Mission StatementIn an effort to get out of the rat race and become a B/I instead of an employee, I have decided to invest in real estate.

Sure thing, my point was mostly that there is a huge difference between buying a pool of notes and building a business with employees etc.