I am eager to put my credit skills and hard earned money to work in an effort to start building financial independence.

A decent agent who looks out for their seller will always independently verify the ability of the buyer to purchase the property, which means at a minimum looking over their proof of funds, and oftentimes their credit worthiness too.Just FYI, just because a lender has "preapproved" you doesn't mean squat, you've still got two to three weeks left of real vetting to look forward to before you're actually approved.

I'm not sure when a person (Legally) goes from independent contractor to employee.  

CapEx is completely independent of rent ... when the roof goes out, the roofer doesn't first ask you what the place rents for before computing his bid, so you shouldn't calculate it that way (as a percentage of rent) either.

They will want to do an independent appraisal.

The numbers (as provided by the daughter; I have not independently verified anything.)8 apartments, 6 upper and 2 lowerBuilding age 47 years.Building Area SF 8,448.Site .881 acresProperty Taxes $8,442Sewer/water and electric $3,420Gas $3,072Apartment A $700.00B $635.00C $700.00D Available asking $700E $595.00F $620.00G $540.00H $575.00There is a $25 discount if rent is paid by the 1st.Asking price $375,000+++++++++++++++++++++++++++++++++++++++++++++So, assuming everyone pays on time, that brings the net monthly income to $4,865.

You can read more about me and Fairway Independent Mortgage online. 

Specifically, 803(b)(2) which says: "Nothing in section 804 of this title... shall apply to-- (2)rooms or units in dwellings containing living quarters occupied or intended to be occupied by no more than four families living independently of each other, if the owner actually maintains and occupies one of such living quarters as his residence."

Both of us can qualify for a loan independently. 

The CLUE system is an Independent non-profit database created to help prevent people applying for a new policy to lie about their claims history.