My concerns are the followingMyself being employed by Mortgage companies that are involved in fraudulent business transaction, and the lack of the required documentation to approve some mortgage program, As for my interest I have been actively researching how to get involved in real estate transactions since I was 16 years old and I figured through my experience that some of the best ways to get involved in the real estate industry is to learn how mortgages are finance along with varies kinds of bonds issued by federal state or local government such as small corporation.

A reasonable salary costs you 15.3% in self employment taxes.

Also you need some contrast.

Buy for cash flow and make sure there's something keeping the area hopping (a good college, multiple large employers, government agencies, etc) and the rest should work out. 

Hi everyone,I am trying to get started with single family or condos.The problem is I work contract jobs for 3 -5 for different employers in a year.It is not a full time role(s).I have w2 from the last 5 years showing good income.My question is this going to be an issuing getting financing?

The bank lends to me because I’m employed full time and I don’t rely on my rental income.

IE you do the work and IF You succeed I will pay you a bird dog fee.. this is a full blown employment position with salary and full benefits and salary is 6 figures.. of course to land the position someone is going to have to have some experience.. but I figure a good agent or broker who is looking for a nice paycheck would apply.. training would be specialized to what I want to accomplish and off we go..

Hey all,Thanks to @Ryan E. for getting us back on track and @Llewelyn A for sharing detailed info.Thinking a bit more on this overnight I guess I'm really asking:What specific structures can adopt or tactics that you can employ to increase resilience to bankruptcy in a downturn?

It sounds like a great deal IF...IF the comps are correctIF the rehab numbers are correctIF the property isn't condemnedIF there are not title problemsIF it's a legal duplexIF a triple murder didn't occur recently in the houseIF the city isn't seizing the house as a drughouseIF the largest employer in town isn't getting ready to close their doorsIF the house isn't located next to the city dumpIF the house isn't in the middle of ganglandIf there aren't a million other distressed houses in the area for half the priceI would not buy a property sight unseen.

@Devin Cronin, contrary to what others may say, secure W2 employment before you start investing.