This method in my opinion is pretty much mentorship and cash for deals without any upfront financial cost.

And be prepared to discover that employment verification has been outsourced by some employers to some third party operation such as The Work Number - and that these third party operations charge a fee (roughly $20) to verify employment; so do you pick up the cost for that, or are you planning to pass that along to the applicant?

Yes, Yes, with proper deposits and built in protection with rent prices via maintenance reserves.This is one method we are considering rather than trying to find a flip to increase investment capital this year.Thoughts, considering low Cash on Cash but possible increased investment capital through equity?

Would I have to find another method of financing the second deal like hard money or private funding?

Realty folks will use comps instead of the cap rate method for valuing the property.

I would most like like to set up a self employed retirement plan and need to understand what the limitations on what I can do with the money after its in the plan.Basic entity questions. 

It took them two weeks to verify my employment even though my employer got back to them within 24h.

I recently selected a tenant who worked at a local college, after she passed the background check, in part because her source of income is not correlated with the local economy.This type of analysis should still be completed for investors in large urban areas with diverse employment opportunities for tenants.

It has been a KISS method that has worked out really well for me and kept me from screwing things up, which I am sure would have happened if I would have tried to have been more Geek like in my approach.  

After doing more research, I found that DORA states that a “Real estate broker” does not apply to any person acting personally acting as principal in acquiring or in negotiating to acquire any interest in real estate, or any person acting personally with respect to property owned or leased by that person....However, Article 1 of of the National Association of Realtors code of ethics states "Realtors®, when acting as principals in a real estate transaction, remain obligated by the duties imposed by the Code of Ethics." which includes all of the disclosure requirements.I found that the requirement to run all transactions thru the employing Brokerage comes from their rules that require them to monitor all transactions from employed brokers.