The building is old and I will eventually have to update the pumping.The Numbers:$102k Purchase25% down - wanted to do 20%, but liked the rest of the loan5.0% interest rate 30 years Hard money  I am self employed conventional finaincing is a challenge$1071 loan fees 1.5% orig$7292 buy down and other fees = 2%= 1 point lower on rate I will use the fees to offset my taxesIt will take 3 years to cover the buy down - I expect I will own this for the long termMy lender is amazing - PM if you want his info$36k out of pocket - more cash than I wanted, but the deal worksThe good part:$383 P&I on 71k $148 taxes and insurance$300 - Property manager - he is a local guy and does maintenance and property management, collects rent, finds and shows the place.  

One option, if your daughter is an adult and employed full-time, is for her to co-borrow on the loan, and live in one of the units for just a year to qualify for 5% down on a 4-unit.  

My family and I had to relocate across the country to keep my employment.

Specialty firms typically referred to as IRA facilitators and advisors perform this type of legal service.If you qualify as self-employed and have no full time employees, a Solo 401(k) is also going to provide checkbook control, and as a retirement plan has several advantages over the comparable IRA LLC. 

I am a self employed general contractor with not a lot of provable income.

Yet Not paying back money given to you can make you a victim Crazy world  Assuring a 19 year old that it's prudent to borrow ~$200k for a degree in social work, using fraudulent numbers for employment and income prospects to support that supposition, isn't predatory?

The profits from a flip are earned income, so you will owe self employment earned income taxes on the profits in the location where the flip was.

The contribution to a traditional IRA may or may not be fully deductible depending on the contributor's income and whether or not he is covered by an employer-sponsored retirement plan.

The other option is if her new employer has a 401k, see if they allow a 401k loan. 

I don't see that as being any different than requesting bank statements and/or paycheck stubs, to verify employment/income.Caveat, I don't know the landlord-tenant laws that would apply.