Now I want to hire him as an employee.

.- VA - no equity in the primary residence is required to use rental income offset and depending on who the investor is on the note you should not require 2 year land lord experience as well (documented by tax returns or third party verification).The key distinct advantage of VA rental income offset is that its not discounted which means you can use 100% of the monthly gross income to offset your current PITIA (monthly principal/interest/tax/insurance/assessments of your current residence).

A great avenue for steady work for my employees. 

$1m cash = $4m in vacation rental properties leveraged, $800k+ gross, $400k+ NOI, $200k+ after debt service assuming full management.  

In addition to risking vandalism while the house is empty and paying for property taxes, they also have to pay a property manager to take care of the house and various bank employees are involved in reviewing offers and deciding what to do with the house.  

You are going to want to clean up these gross misunderstandings as courts of law don't spend a bunch of time explaining things.  

Hello, Albert Lubin, the 50% rule is a general guideline used by real estate investors to estimate the operating expenses (OpEx) of a property as a percentage of Effective Gross Income (EGI).

My first experience with this was totally gross.

It is understood by the parties that the Consultant is anIndependent contractor with respect to each, and not an employee of either.

The business apparently generates: 11,500/ weekly sales, Utilities : 1700/month , Employees wage : 3500/week.