Haven't done LTR though, I like that the tenants are new, fresh and employed so far and haven't had much incidents.

Simple question for you tax gurus! Do you pay SET on your LTR if you have a property management company?

Situated in Houston's vibrant inner loop, it ranks among the city's most coveted and rapidly expanding neighborhoods.Job Growth: Houston is expected to add approximately 57,600 jobs in 2024, continuing its trend of robust employment growth.

oh yea, I recently started my own business (2021 was my fist year in business, commercial door company, non real estate related venture) and gave up my w2 income and was already denied another refinance on my primary due to lack of self employment history. this was with the bank my business uses with and they want 2 years of self employment income on the books. end of 2022 will be 2 years so financing may be an issue if I want to 1031 now, but i havent really thought all of that out yet either. 

Both my husband and I are full time employed professionals and we both like handy work on the side .

The income isn't different because they are being employed by the same major metro.

Anyone self-employed is 2 years of tax returns.

We have not employed the Divine Alembic to separate your soul from your body and deliver the Culinary Judgment of Ages upon you!    

Or would I have to pay taxes via something more along the lines of self employment taxes?

My ultimate goal is cash flow to be able to quit my job (self-employed) and focus on real estate full-time.