The income itself will be taxed the same way: Self Employment taxes plus your marginal rate. 

Credit, employment and the ole "SKIN IN THE GAME" cliche is more necessary today than it ever was.

After leaving the service he was employed with Proctor and Gamble in sales.

I'm employed full time with roughly 45k gross income, have about 20K in savings and 260K in an IRA that I could roll over to a self directed or solo 401K.

They're fully-employed, albeit in blue-collar positions.  

Being that I now actually qualify as a "first time home buyer" and my verifiable self employed income is relatively low, I thought it could be interesting to check out what's available.Please feel free to connect with me directly with a response is that's more appropriate.And thanks again everyone.

@Patrick SnokeIf you are self-employed look into opening a solo 401k and then investing it passively in trust deeds/promissory notes secured by real estate.

For a couple who wants a MF home, can afford a reasonable down payment, can cover the monthly payments, will have additional income charging rent on a 2nd/3rd unit in the building, however may not have the extensive credit/employment history on paper.

They make you feel like you are in the stone ages.I'm switching to a solo 401K, but I can do this because I am truly self employed.  

Hello, Does anyone currently employ RENTERS WAREHOUSE in the twin cities area to manage their property or properties?