This is a potential project that I have under contract in SE Portland, Purchase price is $260,000 .

SE Michigan.  

Danielle Danielle,You are required to pay yourself a salary if you are taking money out of the business other than paying back amounts you have loaned.Even if you are a partnership you still have to allocate funds to wage like payments called "Guaranteed Payments" Those are subject to SE Tax.  

Not speaking of the home's condition per se, but instead the neighborhood in which the property resides.I am in Indianapolis, and am looking at purchasing a property that has had tenants for two years for a cash price of $15,000.

Lastnights first SE Michigan BP turnout was amazing. 30+ people showed up.

Seemed like SE Wyoming was a better option than going into the war zones in Denver to get cash flow.

That means it will also be subject to SE tax.

@Ben Cochran if your house is in SE Wyoming I can ask some attorneys I personally know and work with for a good divorce attorney reference.

I found a duplex in SE portland with a good rental history at 850 per month per unit, with each unit being 2 bed 1 bath.

@Dawn Anastasi -its cool to se that you're continuing to build your little empire, good luck on this one as well.I have to chuckle at all of you from FLA, GA, etc doing double takes on the property taxes in WI, welcome to WI-property tax HELL!!!