With no down payment and being self-employed, I believe this is a way to get into the industry.   

When she goes back to work, we will pay off the loans asap.I keep working as a self employed consultant so I can select jobs that allow a balance with family life.

We're happy with our financials and our fields, but we're self-employed.

All very competitively priced to market rates.Beyond that, there are lenders offering programs based on your cash flow into your bank account for people who are self-employed but cannot really document a couple years of it.

Hey Everyone...So we've jumped into the cash-flow rental REI side of things and now are wondering about our employer based plans.  

•Brand new central HVAC•Brand new, upgraded electrical panel•All appliances less than 5 years old•TWO 40-gallon water heaters, less than 3 years old – enormous supply of hot water•Multiple rooms•Large brick fireplace and separate wood stove•Permanently installed ventilation/dehumidification system in full finished basement•Huge, 3-room paved shed, plus additional garden shed

I've heard Quickbooks is a great way to keep track of business expenses and reports if you are self employed or running a small business. 

Plain and simple.Tenants have rights, applicants do not (aside from the housing police regulations)If your first applicant is unemployed or does not have a consistent two year employment with the same employer (which he does not) he does not qualify and should be rejected without further consideration.  

Now I say that and I did a 7 lot one in North Charleston that I got through in 4 months.. but the lots were on a paved street with city sewer and water.. if you have to build infrastructer it can take a year to put plans together and get them approved.I think being a land ACK person for a big developer or builder would also teach you a lot with getting paid to do it. 

The difference here is that my son is employed and earning some money already.