I think maybe what folks want is to be self employeed IE a self employeed landlord.  

Final regulations provide limited guidance, but IRS gives a safe harbor.The new tax break applies to qualified business income from a trade or business.The final regs continue to refer to the standard under federal tax code Section 162,the statute that generally governs the deductibility of trade or business expenses.Unfortunately, this standard is somewhat unclear in the context of a rental activity.That’s because it’s based on facts and circumstances specific to each taxpayer.Among the relevant factors: Type of property leased (commercial or residential),extent of day-to-day involvement by the lessor or the lessor’s agents, lease terms,number of properties rented and other ancillary services provided under the lease.The safe harbor applies if at least 250 hours are devoted to the rental activityby the property owner, employees or independent contractors in a year.

However, you are right that most lenders will want to see a 2 year seasoning period for all income that is not your basic W2 employee income (commissions, self employment income, etc.)

However I do know as a government employee, one of the questions on a security clearance is, “Do you have any foreign investments?”

As a side note, in 2002 we were contacted by an employee of the Texas Securities Board who told us he was investigating whether or not we were violating Texas Securities Code.  

Visit local businesses and ask owners/employees questions about the area. 

That said, the house itself is very solid 4/2, $84k, low taxes, and I figure I could easily get a B&L employee to rent it out around $1250/mo.

DREs cannot pay their owners wages/salary as they are not considered employees.Only S Corps and C Corps can pay their owners a wage or salary.C Corps are the only one of these entities which have "double taxation" in the traditional sense of the word, which means both entity level tax and tax on extraction of capital (via dividends).Disregarded entities do not.Multimember LLCs (MMLLCs) taxed as partnerships also cannot pay their owners a wage/salary as owners cannot be employees for federal income tax purposes.The article also suggests you can choose between employee and independent contractor classification. 

Hi Chris,If you have a trusted friend or employee near your rental property then you are free to move about.

You have to issue 1099s to non-employee independent contractors that rendered services to your entity and were paid $600 or more during the year.