Currently, I'm an employed independent contractor working for a fleet company, and I'm scraping by income wise.

—This part does not apply to:(2) Any individual, corporation, partnership, trust, joint venture, or other entity which sells, exchanges, or leases its own real property; however, this exemption shall not be available if and to the extent that an agent, employee, or independent contractor paid a commission or other compensation strictly on a transactional basis is employed to make sales, exchanges, or leases to or with customers in the ordinary course of an owner’s business of selling, exchanging, or leasing real property to the public.Right now the DBPR is about charge a local wholesaler with a few felonies, choose the words you us wisely.Hope this help

There are very rare occasions that the participants in the plan have agreed to their funds being held in an account with absolutely no access unless they have reached retirement age or leave their place of employment.

@Sean Peters  I agree with those abovecondo converts can cost far more than one might thinkyou sell these off as inventory and your a dealer and taxed as ordinary income and self employment tax unless you C corp I thinkcontingent liablity of selling attached units as the developer.. this is a real issue and proper insurance is advisable for future litigation for construction defects.So the number really is the 250k  number VS the cash flow and what would you do with 250k  if you use it to spring board your business then I think thats a good move.other wise you can jsut rent it knowing you can condo convert at a time in the future if prices rise and it becomes even more advantageous to sell off.Now check with your accountant but you might be able to condo convert and keep these as rentals put them on schedule C and then sell them off over time.. and get cap gain or preserve 1031 potential.. either way sounds like you have a nice deal

Say that you are self employed for example.

I've got two lease to own programs that might work if he is still employed/can show proof of employment?

It may also be wise to contribute a least enough to satisfy the employer match portion.

I was going to have the home in my name because he could not have a bank give him a loan based off his employment history (he is recently out of the national guard and wanted to put his reserves in investment properties).

Trying to reach some goals per @Brandon Turner's podcast and figuring out what level of activity I need to employ.

The tenants get a steady paycheck as they are upper middle-class and employed by corporations.