Some are based upon one employer or one industry and any impact to that one could degrade your investment.  

(as someone who just turned 22 that’s insane progress for me) I thought that’s one of the issues i would run into being self employed and just starting out.

Paperwork:  I use an application I created that requests 5 year employment and address history, animals (not "pets" since they need to disclose ESA etc), cars.  

I'll add that rental income doesn't count as income for the retirement contributions.A Roth IRA is an individual account, so you make the contribution, not the employer.If you wanted to do an individual 401(k) you could do an employer and employee contribution.For a company, if you're just wanting someone to hold the account to invest in the stock market, I've liked working with Fidelity.

Yes, for paying yourself but it doesn't usually make sense to do so since you will also pay self employment tax on that income on top of the ordinary income tax you will pay.

In the long term if you aren't careful the town could experience population decline, this could be the case if the town has one main employer that goes out of business.

If one year went by before employing I have no loss on the Heloc but i would on the refi.Lets say I employ this Heloc to its fullest on my second deal. 20k down at say 8% today.

(Here’s all the info I can give to assist with your response to my question.)Location: Philadelphia, PACredit Score: 660Income $2200/monthDTI: 30%Employment status: Full TimeCash for downpayment: $4000-$6000As far as my “debt” I have a total of 6 Credit Cards & my card utilization is 75%, 63%, 64%, 90%, 57%, 65%.

Bureau of Labor Statistics: Current Employment Statistics (CES)The Current Employment Statistics (CES) program produces detailed industry estimates of employment, hours, and earnings of workers on payrolls every month.

The LLC needs 2 years of tax returns to prove income to get a loan, just like a self employed person.