I'm new to wholesaling and investing, although I have enough of a background and have been studying it for a while and understand much of it; just haven't done it.I've been self-employed for a few years now and work has slowed down to nearly nothing.

In higher end rentals you tend to get a higher income more stable renter, one with steady employment and social responsibilty.

Also, if you get paid through a corp you can avoid paying self-employment taxes.

Due to the addition of this form, they have been impressed with my understanding of our finances.Hope this helps you understand your income as an investor, as well.The Formhttp://docs.pnlending.com/FNMA%20Self%20Emp%20Income%20Analysis.pdfPFD - Explanation on how to fill out and understand this form.https://www.fanniemae.com/content/guide_form/1084.pdfPower Point - Understanding Form 1084 for Self-Employed Borrowershttp://fanniemae.articulate-online.com/ContentRegistration.aspx?

When I lived in Seattle, I worked as an independent contractor, self-employed sign language interpreter.

I'm hoping Claremont (my home town) will bounce back some day, but that would take employers moving into the area.Hope that helps.

Current Situation: I currently have money sitting in a 401K from a prior employer.  

I make enough income, but because the banks see being self-employed as complicated income, it is more difficult for them to loan to me.

@Kelly G. each state has thier own WC laws, so you will get well meaning misinformation on these national websites.In WI, an employer does not need to carry work comp, but is liable for injuries to employees, sub contractors and volunteers.  

From what I have been learning about it, the important things to research are the turnkey companies themselves and the areas to invest, both at the city level (because you want a city with growing employment potential among other things) and at the neighborhood level (because you don't want a high crime rate area, etc).