I always suggest that the investment program is started WHILE you have another income from employment if at all possible.

We are both employed in the construction industry and dealing with layoffs and intermittent work, concerned about what winter will bring.

(Which means no landlord will take them, or they wouldn't bother with such an elaborate lie.)I don't really know which because they didn't apply so I didn't check employment or credit.Any way, heads up, guys.

Fundamentally, you want to understand what options are, how they work, and how they are priced (Black–Scholes option pricing model, etc).Only with a firm understanding will you be able to employ successful arbitrage strategies.

DO A CRIMINAL BACKGROUND CHECK CHECK REFERENCES EMPLOYMENT VERIFICATIONBEFORE YOU RENT NOT AFTER!

If mortgage money stays really cheap, the inventory of rentals goes up, and the access to mortgage money is scarce I guess a lot would depend on employment and how households form.

You also can typically roll over whatever you rolled into your employer, you can typically roll it out as well.

My prospective tenant is self-employed.

I was told the name, but do not remember it at this time.I do not know the legal issues of continuing in "self employment" of RE while being totally disabled.

So, you can see how you get to a 10% profit, if things go well.Remember, that profit is taxable, and subject to self-employment tax (about 15% of the gross profit).