If you have steady Employment and you like the area or have a family and you can afford to Rent at $1000 plus a month you begin to look to Buy a Home.

Their housing choices are:Mom and Dad's house,Apartment rental,SFR rental, - and Home ownership.If there is stable employment / double incomes / beginning of a family in the picture, they move down the list toward home ownership.  

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.Note the PRESUMPTION of brokering and the person has to PROVE they are not. 

@Alan Grobmeier government regulations make building starter homes in many markets not feasible.Take our market in PDX I am building 23 lots right now.. we pave on Monday.44k per lot to develop them  does not include soft cost of 5k a lot for eng. and permits. so say 50k and they are shovel ready... and this does not include the cost of the dirt .... now building permits are 30k per house.. 

It helps track all income and expenses per property and is a big help at tax time.For flips (and maybe wholesaling) you'll probably treat all income and expenses like someone who's self employed.

As an appraiser, he is self-employed and has the ability to act as project manager on a daily basis, in addition to assisting with repair estimates. 

I like it when new investors ask for partnerships rather than employment.

The whole time I grew up, I was told, "grow up, go to college and get a good job" or "go to the military because employers value military experience."

But, if the employer already budgeted for 10/hour and the government adds an extra 5/ hr then the business' bottom line is not affected, so therefore the price should not have to raise unless to do so due to "natural" occurring inflation. 

I am terrified not being able to  qualify for refi-cash out for 30 year fixed for exit strategy...I own three properties paid off in cash, high credit,but self employed, income shows issue on paper.Your input on cash out refi, for a newbie, ..