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.

We have written estimates lined up from licensed/reputable contractors. 

I have been taking my agent licensing course and plan on working for a broker some time soon.

Also like the more experienced investors said I think gaining more knowledge or obtaining your real estate license (what I am doing) might be worth it.Best regards, Jo

The properties are all located in south Seattle region;  half are in Seattle proper and the other half in nearby suburbs.   

I am a full time property manager with a realtor's license so if you have any questions along the way, feel free to shoot me a text or email. 

Although less strict that what is required of a public offering, raising capital for syndication or similar deals still requires the proper framework and legal documentation.

Having the proper term helped a ton.

If you structure investments properly, you shouldn't pay taxes on rental income or on capital gains.

In Pennsylvania, you cannot just hire an MLO to handle origination unless you already have a state lending license and everything that goes with having that license.FYI: The typical MLO will not be qualified to advise you on all you need to know.