Or 15 if used for personal residence.  

I have personally done 4 flips, one was a hold/rental that I eventually flipped and old, one was a house hack, and two I did out of market with HML(my first two were out of pocket) 1 I sold and 1 I held. 

Its designed to be you personal Ai companion as a real estate investor.

I think he might have personal issues going on and does not have the money to continue working on my job whilst he is probably working on another job.

Sadly i only know of one court case where the person with a w2 was able to qualify.

If the person who emailed you has the authority to release the agreement, then I'd say the email is sufficient 

The Solo 401K would allow a loan, and those funds may be used to invest in your personal name.

From my understanding, if its passive income, just a room-by-room rental, it would go on your schedule E just like any other rental. if its active, like a short term rental situation or mid-term, something like an airbnb or bed and breakfast where you're actively including extras, it would be filed on a schedule C. disclaimer, im not a tax person, so double check this with your tax pro. when you go to qualify for your next purchase, whether that's for primary or inv., using a full-doc loan... if its schedule C, you would need to do a 2 year average of this income in order to use it. its looked at as a business, and self employment income. if its schedule E, theoretically you could use the schedule E income calculations just like any other rental even after the first filing.

Everything is negotiable UNTIL you sign that legal document - even what and how you pay the person doing the work of marketing your property.Consider cost vs. reward before you think, "I don't want to pay a commission."

If you're looking to run numbers and get an idea of what this investment looks like I'd be happy to sit down with you and get it done via Zoom or in-person.