Go to school and finish “ No Quitting” One went to college and graduated, with no debt because they worked all through college and applied to enough scholarships to make your head spin.One left home early and found consistent employment currently a young supervisor( now married with kids)The last one stayed home like first one got a trade in the electrical field (graduated).Then I told them no outside debt, you are getting houses.

The worst PM imitation I ever had the misfortune of employing for any property

You put yourself in the position to surround yourself with like-minded individuals. ..what we all need to do to take the next step.Im just an owner/operator of a family deli& catering business that Ive operated for the past 30 years, I currently have 7 doors in the Boston & Wells ,Me area and I love to underwrite properties every night when I get home...striving to make the next move...this of course is my source of income being self-employed & chose this type of investment as cash flow.I'm in the Boston area, if I could be of any help at all...please reach out to me....Id love to be a resource if Im of any value.Be well & CONGRATULATIONS  ! 

Have you verified her 3x income with the employer?

Do they do an employment and income verification?

LLC orS-Corp.Don't be in the wrong type ofentityFirst – Asset protectionbenefitSecond – Tax savings benefit Rental Real Estate – 1031(same in LLC or personal name)Syndicate - 15% or more in taxsavings, self-employment tax (flippers may use this) Expenses for write off &deductions: equipment & appliances, home-office ($5 per sq ft.), travel costs (related tobusiness), kids (income shifting by payingthem to work for you, meaning business related), membership, conferences &education, meal expenses for business, retirement strategies (selfdirected investing, tax-free or tax deducted, 401K/IRA)depreciation Pro-active Planning / Get a taxadviser Talk to your tax adviser inadvance Fire OutOrganize expenses, listquestions, changes (buy, sell, etc. properties.)Changing entity type from LLC toS-Corp etc.

You will eventually want your nonpassive income to be flown through an S corp so you can lower the amount you pay into self employment tax.

The impact on w-2 happens if you're contributing to an employee sponsored 401k plan with that employer.  

I consider the business form of LLC vs Self-Employed to do rental business.

I would speculate and say that about 2000 people will be employed there for the next 2 years for the startup.