I recently changed jobs, and I have $187,000 in my 401k at my previous employer.

She says if I now add private lending as described, that would classify me as "in the business" of lending money (brokering) and thus create another tax return or schedule and an added 15% self employment tax.  

Anyone else remember when Bernanke's refinance on his personal home was denied due to self employment <2 years, even though he was making $250k per speaking gig and one speaking gig would be sufficient to make well over an entire year's worth of payments? 

I was getting $1,200/month in rent and I was self employed and had family in the area (with their own rentals) so small maintenance items were easily handled. 

Gothca  I have lived and been working in real estate through 3 mid level corrections and one Massive that we all went through 08 to 2011.. and each was for a different reason.. and as such  the next will be something we probably have not thought about or what have you.. although in reality as I look at my business and how business has been transacted the last 10 years.so much inventory was bought with cash ( smart people LOL) and lenders finally figured out 100% liar loans were not to bright either ( finally got it cost them trillions but they finally got it)So the only ones I think that are really in any kind of peril in a drop is this new crop of investor who does max leverage and refi to you die and is too aggressive in building a portfolio over short span and does not really have the expeirnce or never lived or worked through a correction and does not have proper reserves to weather a correction.others will be just fine.. so many more investors ( other than the BP got to have max leverage or your an idiot crowd) are in fine shape and so I don't see a big crash coming but no question we correct we slow down..you will always have the community were the major employer fled leaving things not so rosy or the base closing or on the flip side areas like Charleston SC that's just steaming ahead billions upon Billions of dollar flowing in for new jobs and factorys  IE Boeing  Volvo  BMW  Mercedes etc etc. but you rarely hear investors on BP talk about that market because it does not cash flow ( minimum down max leverage) like other mid west markets.. so we will see..

There is an exception to get a 2nd simultaneous FHA loan however you'll have to have one of these 4 situations to qualify along with 25% equity on your current property which it seems like you do (close enough):1) larger family size (evidenced with medical pictures/documents for legal adoption/birth certificates)2) You were a cosignor but not currently occupying a property of another FHA borrower and now you want to buy or qualify for your own FHA home loan3) legally separate from an exspouse with which whom you shared a FHA loan together on a home and now you want to qualify for your own FHA home loan4) you're relocating for a job (need employer offer letter signed/dated by employer or HR)Your other issue with qualification is DTI and that is often true that its capped at 45% DTI or debt to income however you can also go up to 50 or 50.5% too so there might be some room to work towards there to get that additional borrowing ability.Paying down your existing loan is probably the worst way to obtain more qualifying ability especially when your current note from FHA on your current property is at 2.70% as you mentioned. 

Hello BiggerPockets family  - In my view, both employment and population growth are important but incomplete factors when considering acquiring an asset if the replacement cost is lower than the appraised value of the small apartment.For this reason, I would prefer to invest in Chicago compared to a city like Austin, TX USA. 

OTOH, if you don't have full time employment, and you're managing 50 units or you're brokering real estate, or any number of other activities, you can certainly get this designation.

The federal reserve employs some 400 PhD economists who collectively cannot tell you with specificity that an increase or decrease by a certain amount of basis points, will result in an exact target inflation rate of some amount or %. 

A dependable tenant is someone who:Has stable employment in a market segment that is very likely to be stable or improve over timePays all the rent on scheduleTakes care of the propertyDoes not cause problems with neighborsDoes not engage in illegal activities while on the propertyStays for many yearsPeople think that tenants are a single entity with common behaviors.