Go the extra step and get a pre-approval letter from your lender of choice.Yes, absolutely shop the rates.

If your trying to move that money via 1031 exchange (Im no expert on this) wouldn't the owner finance just add an extra step/ hoop to jump through?

Nevertheless, in response to commenters' requests, the final rule provides a non-exclusive list of methods that issuers may use to satisfy the verification requirement for individual investors.The methods described in the final rule include the following:Reviewing copies of any IRS form that reports the income of the purchaser and obtaining a written representation that the purchaser will likely continue to earn the necessary income in the current year.Receiving a written confirmation from a registered broker-dealer, SEC-registered investment adviser, licensed attorney, or certified public accountant that such entity or person has taken reasonable steps to verify the purchaser's accredited statusThe underlined/bolded item above leads me to believe that this guidance is only for reference and one can do their own, independent process provided it is reasonable.

If someone doesn't have a 'real' job and doesn't have enough rental property to handle that full time, then do a few flips to supplement your income and take up some extra timeandy

If it's you then you need to take extra out of your monthly income cash flow to account for that, I believe they say to expect 50%.These numbers you're giving, are they minus things like insurance, etc?

What is the best RE investment degree/license/document/title to get or earn?

It is amazing how just that one extra unit will make this a cash cow for us.

Best way to earn a grand without doing much and you won't be sued or have to file chapter 7 because you have no money and a lease option tenant decided to squat in your home.Mark

Been there and it's absolutely not a tax issue alone, so I have to stick to that, a C-Corp needs serious money to be taxed twice and you need to be in a higher incomr leelel to pay off, but retained earnings can have advantages.

The terms that you agree upon are obviously negotiable, but if you're willing to take a small piece of the profit in exchange for sharing your knowledge and guiding someone through the rehab process, that may be a way for you to build your cash reserves.If you take a big picture view and are able to use what you have (knowledge) to help others be successful, you'll be able to get what you want (extra income).I think you'll find that if you take this approach, you'll be in a buying position quite quickly.Best of luck!