I was recently let go and I realize that I want to create multiple streams of income for myself rather than relying on an employer.

I have no experience in mortgages (as I never had one) and I know that most of the big banks will probably not give me any loans (I have very limited employment history).

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.So, if your "teacher", "mentor" or whatever else they claim to be is proposing using contracts to broker real estate without being licensed or owning the property, they are teaching ILLEGAL practices at YOUR expense.

They have provided details of current tenancy in the foreign country as well as pay stubs from their international employer.

My goal was to increase my savings from the income produced from my current employer for 4-5 months to use for a down payment, acquire a property, and essentially live rent free, mortgage free, and develop an income stream. 

We have had good and bad posted here about the DF Act and SAFE Act, I did listen to any attorney seminar (D-F expert, but not really) that broke it down quite well for investors, except that he went on to employ trusts, business entities, family members and other types of convoluted exchanges to justify staying within the exemptions.

We both live in Washington State and have no intention of going to another state though we are under contract on a house in Cle Elum now putting us further away from Seattle and the bulk of our rentals; however, if were both self-employed getting around to the properties becomes less of an issue. 

So my question is since a person would need to have at least a two year work history with there employer to apply for a loan is it posible to put your two weeks in and quickly start another job and still get financing before the two year period?

Hello BP.Thanks in advance for taking time out of your day to consider my question.I am trying to position myself to obtain financing for another rental property next year.I currently have one rental property, of which I own 100% of the equity and is cash flowing well.My problem is that I am self-employed.

I graduate next semester and I plan on working for 8 years and then hopefully being completely self employed through Real Estate full time.