We used to have in-house inspectors but it was hard to scale and with our heavies season being that of summer months, at 1000+ units we weren't able to hire enough inspectors for the last day of month move outs and first day of month move ins and then still keep them fully-employed in our slower season in fall/winter.

However, as a general rule, if you have two sources of income like that and you're using Schedule C to report your property management business, your income will be subject to self-employment tax in addition to income tax.

Its closer to Belleview, where Lockheed Martin is which is one of the biggest employers in the Ocala area.

Once I receive the reports, I usually have a zoom meeting with the applicant, ask for two references, and chat about their employment.

This means setting up contract management systems,  instituting additional insured requirements, employ licensed and insured vendors even if they are not the cheapest options available.

For the purchase of newly constructed properties, if the borrower has a relationship or business affiliation (any ownership interest, or employment) with the builder, developer, or seller of the property, Fannie Mae will only purchase mortgage loans secured by a principal residence.

My only fear is making the jump with no employment set in place.

You will also want to develop a tenant screening process that includes credit checks, background checks, employment verification, and references from previous landlords.

Register her car in CO and make sure she’s not going in to an employer in CA “all the time”. 

@Frank Patalano I've recently just made the switch from employee to self employed.