A 3 or 4 unit must also meet the self sufficiency rule (75% of total projected rent must cover PITI plus mortgage insurance).

Self employed.

Each property should be 100% self-sustaining.

Also as mentioned above, your effective return on a paid-off property is not the best use of that dead equity.Ultimately I think this comes down to your time horizon.

Also, would this be a good place for self storage investing questions, if not can you direct me to the location.

However, some Airbnb hosts are required to report their income on Schedule C, in which case it's subject to the additional self-employment tax in addition to being added to your W-2 income for regular tax purposes.Consult with your tax advisor.

It was built by my father who was self employed as retirement income for him and my mother, who was a stay-at-home mother and also assisted him in his business.

My issue is I am a self employed person and not sure if they still have no income verification loans (since the mortgage bubble), like they did when I bought my current home.And I'm not very keen on the idea of buying this upcoming property with a loan when I have the funds available to purchase it outright, why pay the interest on a loan I don't really need. 

I am self-managing for now and am somewhat handy which comes in, well, handy.

I have a storage facility that my husband and I likely are going to be purchasing. The owners are my husband's grandparents and they are willing to work with us to make a deal that makes sense for everyone.This is the...