I use several methods to find properties.

They do not rent to "under the table" incomes, no exceptions.Here are some notes on "under the table" income:-- It's not garnishable (someone else said that too)-- It can stop at any point for any reason between "employer" and "employee" for a ton of reasons.-- If the IRS finds out, they always get paid first, which could mean your rent check stops.  

I have a lender/broker who I do 203k's with and she can run it as a direct lending method or broker it out, so you will get a few options, I believe.

Just the method of execution, but as others have pointed out, you might be able to make it work the way you want if you can quickly get the loan out of the borrower's name and into your name.

I WOULD ADVISE ANY LOAN OFFICERS CONSIDERING EMPLOYMENT WITH SHERMAN BRIDGE ---DON'T DO IT!

Are there any pitfalls to know of when using this method?

I wanted to voice my hesitations using these methods across the forum and see what others think about this.Timeframe – It seems like many of the threads that use this guide line started 5-8 years ago… when interest rates were 5-8% and not the 3.5-4.5% that they have been hovering around the last couple years.

There are likely thousands of threads, articles, and blog posts that can help you figure out methods to research leads.

We are both self employed but show very little on our tax returns.

UBIT tax will apply so consider a solo 401k instead if you are self-employed as UBIT generally does not apply to a solo 401k plan.