I make a decent wage, however almost half of my wage goes to support payments and the rest goes to paying down debt.

And since most small business owners are self-employed and don’t have personal income and tax documents to support this requirement, they usually don’t qualify as well.What can you do instead?

The cash flow will support you paying them back.I wouldn't look at hard money for a long term deal, risky.If you partner with an unknown you never really know what you are going to get, and you don't have the money to buy them out.

You must consider child support that has had a track record of being paid as ordered by a court.

Omar - don't forget the political aspects of real estate.In respect to development (or re-development), we can only imagine how the economics of a new tract built in a tough area may have played out.Politician needs to repay a favor to a supporter, who just happens to be a developer.Developer sees an opportunity to (maybe) change a negative economic trend in that community.Developer builds one less profitable project so that a much more profitable one can be approved in another community.Bank offers low, subsidized financing due to local or national programs that exist at the time.Just because it doesn't (or didn't) make sense, doesn't mean it was unprofitable.

You will not survive with 50 low producers and only 2 top producers.I guess what I would look for is how much I have to pay my broker in commissions then how much support I would get in terms of education and coaching.Just to reiterate, having a brokerage is a business.

Thanks for the support, I appreciate the assist on the podcast @jerrypuckett.

This structure will place some responsibilities on you as trustee and administrator so be sure to utilize the provider who offers support and help you navigate through requirements and keep your plan in compliance.Then after your plan is established, you can use those plan documents to open non-prototype retirement account at Fidelity, which will allow you to buy and sell stocks and also offer you the ability to have checkbook control to invest in alternative assets.

You should make sure you have some independent data to support your per bedroom rent. 

@Stanley HatariaJust to clarify my last post, if the property on Dequincy is in the 2 block area between 40th and 42nd, it would probably support an $85K price, but not anywhere else.