I also have an in-house application that I use to verify information that smartmove isn't going to do, like call employers for salary/employment verification, but the smartmove credit/background check takes the entire thing out of you having to worry about it - and the tenant pays the fee directly, so you don't have to deal with it.

Because if you leave your current employer or fired the balance will be due immediately on that loan.

It will be an indication of their housekeeping skills and ultimately how he or she will treat your house.Verify employment.

@Mark Russell @Mark IzquierdoYou'll need 2 year's of self employment to qualify for conventional financing, but there are no income verification options out there for you.  

I am a mechanical engineer, employed full time, with excellent credit score, so I'm thinking a low down payment FHA loan is a good option. 

Depending on your employment status, marital status, etc you may be able to allow any long term capital gains to not be taxable.

have you ever been in sales.. have you ever sold cars... do you know how to qualify present and close do you know how to ask for the order.do you understand the escrow function.. do you realize selling real estate in CA without a license is not legal.. how are you going to get these leads.. if 997 is stretching your budget then your only course of action is bird dog.. talk  pound on doors.. but even that takes time and car and gas money especially in LA..being with limited funds and doing anything real estate related in California is a pretty tall order with a failure rate I suspect at greater than 99%.I think if you want in the industry you should apply and get a job as an assistant to a top producer get PAID to learn .. save your money.. then think about next step.one thing I have seen in my years is starting real estate agents who get on teams work for 3 to 5 years build their confidence and bank account then go out on their own.. many to start their own business in 7 to 10 years.Also if your VERY detailed oriented one other way to be self employed is to start at a mortgage company and learn how to process loans..

@Robert Gunby, if you are referring to the EB-5 visa (immigrant investor) program, there are a few key parameters which need to be satisfied, namely $1mil or $500K (in designated areas) AND employment requirements.You can get more info at https://www.uscis.gov/working-united-states/perman...

While Airbnb is great, it is like applying for a loan while on self employed (airbnb) or w2 income (regular long term tenants).

Mine is taken care off as long as I stay with my current employer another four years.