You will need to show 2 yrs of consistent income to be able to use that for loan qualification.

Alex, it is probably a contract issue you might look at with the pm if you want that in your agreement, and it may not be a great practice for the pm to do this , especially if you use a pm to avoid this very issue and have anonymity.

Past history, current practice, tax return treatment are all a part of the picture you paint. 

I don't need any more practice working with half done rehab jobs...

@Chase London For FHA loan you have to show 2 yrs of consistent work or 2 yrs of self employment.

@Chase London For FHA loan you have to show 2 yrs of consistent work or 2 yrs of self employment.

If you choose to pursue wholesaling, I strongly suggest that you put all of your focus on that strategy until you are consistently closing deals.

I have done hundreds of them and did them all myself.However in practice lender calling the loans it rarely happens as long as you keep the payments current.Now I am not a FAN of sub too for most Sellers I think they take huge risks because most buyers of sub too don't really have the wherewithal to cure if the bank calls the loan.So if you have as a seller deeded your property away and the buyer walks your screwed you don't own it any more so you can't refinance and you have to do a foreclosure to get it back which costs thousands. 

It is not no underground practice for people have been doing this way before the practice got it's name "Real Estate Wholesaling". 

She does this EVERY single time since I've been working with her (since 2007).Is this standard practice in Spring/Houston TX?