Also, my 2cents, but I would figure in 10% property management from the start ... even if you self manage, your time is worth something (and you want options down the road)  Very exciting and all the best to you!  

Say after a week or two you have a potential buyer, but said buyer can't qualify for a traditional mortgage for whatever reason (possibly self employed).

In the areas discussed above, you have to take rentometer with a big grain of salt but in a neighborhood like the old west end of Richmond in the JR Tucker High School district there are an overwhelming amount of very similar 3bed/1bath brick ranchers so you can be a little more confident in the comps rentometer gives you.Market knowledge and familiarity is key (and cannot be gotten simply by surfing the internet, no matter how well the data is represented) which is why you should consider working with an investor-friendly Realtor (shameless self-promotion aside...). ;)

And never change, be your self, This world needs more indeviduals instead of the "masses of asses".Happyinvesting ;0)

Frankly, I'm a little perplexed as to why you didn't choose this option at the outset as the savings in Self Employment tax is likely to be somewhat significant for somebody who has potentially so much profit.  

Very interesting, and what I am realizing is the most important thing is to sell one's self.  

@Annie Thompson  Lastly ladies the industry has cleaned it self up.. not just because of TKR but the internet in general...

If you are self-employed you must provide me with your most recent tax filing to verify your income.Minimum credit score of 600 or higherNo evictions/arrests Must make 3x the asking rentIf the applicant doesn't meet this, I continue looking.

Hi everyone I live Los Angeles and am trying to work and get my real estate investing going at the same time it is not easy in fact it is very hard. just want to introduce my self and get it to the game on the site and make friends any advice would be a Gem.Wishing all the bestKevin

@Lisa Stein  welcome,  your post would be deemed self promotion and usually removed.you want to advertise your company on the market place that is were self promotion is allowed and encouraged.. on the open forum its answer questions.. and a little like the show Jeporday you answer the questions with a question LOL.