., Thank you for your detailed responses. 

Hello everyone,I am interested in learning your best practice to gather leads to then take the details from those leads to use the calculators on this site to determine if it will work for you.

I can think of three different ways he can do this, but it is based on details we don't have here. 

I am three months in to looking at properties, finding one, negotiating the deal, getting under contract, clearing inspection items and seller credit, getting the lender appraisal, etc etc.

Also I posted about my project under the construction diaries thread if anyone is interested in the details.

Without even knowing the details, definitely pass.

Don't spend too much time thinking about the details.

HI Roxanne,It is true you need to be in the business for 2 years but no one talks about the details about how that is documented which is either by:- Looking up CA BRE website consumer licensee information which will show how long you've been licensed- CPA letter to sign/date on you being self employed for 2 + years or 5+ years if you're using Freddie Mac's program since Freddie specifically wants 5+ years to use 1 year tax return- or another third party to verify you've been SE (self employed) like business licenses, attorney's, other auditor or licensesWith regards to income like others have mentioned you can use 1 year tax return to base your monthly qualifying income off of.Freddie mac, like mentioned above is a a conventional financing option but the downside with Freddie is they want 5 years in the business as documented with one of the options above.

I do a complete renovation in my buy and holds so my costs are lower but I do not carry a percentage I do and analysis of life cycle of each major item - how much it costs and then see how much I need to hold.

Not sure how to find BP Events so if you could also post the details here as well I'd appreciate it!