Grounds for denial of issuance of license or for disciplinary action(A) In addition to Section 40-1-110, the commission may deny issuance of a license to an applicant or may take disciplinary action against a licensee who:(1) makes a substantial misrepresentation involving a real estate transaction;(2) makes false promises of a character likely to influence, persuade, or induce;(3) pursues a continued and flagrant course of misrepresentation or makes false and misleading promises through associated licensees or through any medium of advertising or otherwise;(4) in the practice of real estate demonstrates bad faith, dishonesty, untrustworthiness, or incompetency in a manner as to endanger the interest of the public;(5) represents or attempts to represent a real estate broker other than his broker-in-charge or property manager-in-charge without the express knowledge and written consent of the employing broker-in-charge or property manager-in-charge;(6) guarantees or authorizes and permits any associated licensee to guarantee future profits from the resale of real estate;(7) makes a dual set of contracts, written or otherwise, by stating a sales price higher than the actual sales price in an effort to obtain a larger loan from a lender or lending institution or for the purpose of misinforming a governmental agency or any other reason;(8) is convicted of violating the federal and state fair housing laws, forgery, embezzlement, breach of trust, larceny, obtaining money or property under false pretense, extortion, fraud, conspiracy to defraud, or has been convicted of a violent crime as defined in Section 16-1-60, has been convicted during the previous five years of a felony directly related to the practice of the profession, or has been convicted during the previous seven years of a felony, an essential element of which is dishonesty, reasonably related to the practice of the profession, or pleading guilty or nolo contendere to any such offense in a court of competent jurisdiction of this State, any other state, or any federal court;(9) fails to report to the department in writing by certified mail, within ten days, notice of conviction of a crime provided for in item (8);(10) fails, within a reasonable time, to account for or to remit any monies coming into his possession which belong to others;(11) pays a commission or compensation to an unlicensed individual for activities requiring a license under this chapter.

My situation: self-employed but tax-return history not enough for 2 years, so seems traditional refinance is not gonna go through.

The reason I dont have credit is because I'm currently self employed and cant show 2 years of steady income.

Once you sell a property, you share your commission with the employing broker, who can take 50% or more of the commission.

I am employed full time at an Engineering firm and plan to purchase rentals as a way to subsidize my income when the time comes for a simiretirement.

Originally posted by @Kyle Penland:Why don't you take a line of credit on the first property up to 75% of the value that way you have the money there, but can use what you need...Call local smaller banks...I had my best luck with a local bank in my home town...Best service around.Hey Kyle,That was my original plan however that failed because in 2014 I was self employed (mortgages).

Keep in mind my debt to income ratio is pretty much at its limit due to my primary home and the income declare on my taxes as self-employed and the investment property I own is under a Trust.I will appreciate any advise on how would I be able to get a loan without necessary going to a hard money lender who will charge me an arm and a leg on interest.Thanks in advance for your comments and help.

Check with a mortgage broker or bank but.....I can almost guarantee that you won't be able to get standard conventional financing until you have been Self Employed for at least 12 months.

My tenants are all highly educated, well qualified, and gainfully employed.

After my sister looked at it we found a 2 year gap in employment, when questioned he filled it in.