Not sure I feel to confident with this at first glance.I'd recommend paying yourself if you're self managing as it's time/energy and (i'm assuming) at some point in the future, you'll hire a PM?

What the lender you spoke with is talking about is called the self-sufficiency test where the other 3 units of your quad need to cover the entire PITI of your mortgage.

@Helen ZhangFirst, to qualify for a Solo 401k you must have legitimate self-employment activity or business, and no full time employees.

@Ruben MunierStorage is a great business, especially self storage.

I stumbled upon a very vague article a few weeks ago about rolling over your 401k into I believe an IRA account that is completely self directed.

Hello Brad,VERY excited to receive your response.Presently, we are refining our business plan.WE are a team: 41 years as a sole proprietor self-employed carpenter /builder on the east coast from Maine to Florida.Jessica is the Operations Manager directly supporting the owners of an established Malibu, CA-based vegan company, with manufacturing located in the Philipines.

This way you can avoid the self-sufficiency test on 3-4 unit properties that comes with the FHA loan.2) Maybe you can find a SFR + ADU to house hack?

The lenders I have spoke with look at my income as a 1099 self employee vs my actual W2 because I accept multiple 13 week contracts throughout the year.

The lenders I have spoke with look at my income as a 1099 self employee vs my actual W2 because I accept multiple 13 week contracts throughout the year.

I know a lot of times people self-manage these properties, but does anyone have any advice on how to become a vacation rental manager?