Due to being recently self-employed I do not believe institutional financing will be an option. 

In that case, your rent is considered active income, subject to all taxes at your ordinary rate including self employment tax I believe. 

This part can vary by lender...banks and more strict lenders might require 1-2 years of receipt at the new job, while some lenders who underwrite directly to the agency guidelines (like us) only might need to see 1-2 paychecks to show that stability.If your new job will be 1099, then that's a whole other story, you will become self-employed and will need to file 2 years tax returns before you can qualify, and your qualifying income will be your net taxable income (after deductions). 

Plus the government and some employers may step up to help.

NO DTI, Employment, or Tax returns and we generally offer borrowers higher LTV across the board.

My son had an employer make an ssn error and they actually took 2 years to fix so we assume on some databases he will come up for those years to have a history under his name and wrong ssn.

Their rent payment is our PAY CHECK, and they wouldn't like it if their employer told them they couldn't them today because their car broke down or there was a funeral, and neither do I like it when a tenant tells me their sob story.So if you treat this as a business, document everything you do, it won't prevent an eviction, but it sure will cut down the amount of times you need to file and actually do an eviction!

@Thomas Hopkins ,To me, it would be helpful if all the tenants were pre-qualified (aka, your company could check and present their credit score, employment etc.) so landlords wouldn't have to waste time on unqualified tenants.

I live in Barnsley which has pretty cheap property's however the prospects here, employment and capital growth predictions etc aren't very good.

I found a great one podcast 17 with Jeff brown, that really made rethink what I was doing with my 401k retirement money from my current employer  Also writing my plan do I need to be a LLC, and according to podcast 109, with Scott Smith I do.