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.

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

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.

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

But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less)     *new siding 30k (just put on a new roof this year)     *legal 10-15k     *fire proofing 15k     * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home     *big grocery store put in 3min away     * newly paved road in front of my house     *a building that was falling down across the street has been torn down          * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.

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.

Thing is this, they want multiple data to follow their trajectory, they think one indicator like inflation data is not sufficient to make cut decision, they are then waiting for the employment to collapse to start printing again as they want to make the pain in economy as long as possible.