Can't the self employed have it both ways?

It will then hit the credit agencies and be on any credit inquiry, any lender, landlords, insurance company, banks opening accounts, employers and so on, many people get tired of paying more, being disqualified and turned down and start paying.

I can't speak for your analyzer, but the numbers that you provided look pretty impressive.I'd want to factor in the title search cost and the inspection cost, making sure there is no environmental or structural problems prior to closing the deal.Also, some counties/juridictions have sewer costs separate from the water supply line.Also, will you be maintaining the property yourself, including rent collections, or employing a manager.

I can recommend a legal service plan which employs law firms as opposed to sole practitioners - this way all major areas of law are covered and provided for.

Throw rat bait in crawl spaces if ever a problem.

I have no relationship with my bank as I just came out of the work force to be self employed.

The fact you're self-employed will make it more difficult.

Any gain on the sale is ordinary income, subject to tax at your current marginal rate and self employment tax (SET).

I thought my background in financial analysis may enable me to seek opportunities with commercial real estate investment companies and help me to gain knowledge of that field.I am looking for advice from the forum on ideas and paths to consider as I search for my next employment opportunity.Rick Schneeberg

If not and your home purchase maxed out your DTI to qualify for a second mortgage for an investment property then you need to find a way at your job or business (self -employed) to increase your income and also cut expenses to save more money.You can also wholesale and try to build funds that way.