Just like I don't know a lot about certain types of auditing or taxation.  

Because of the new E-Commerce business being setup as an LLC w/ an S-Corp Taxation election, I have hired myself as an employee and I there are tax benefits as far as healthcare reimbursement or self employment health insurance deductions.See the following LINK for more details.

@Edison ReisWhile much of the information here on BP is universal, financing and taxation are two areas where things are done a little differently north of the 49th.BTW:  The Smith Manoeuvre is a wonderful tool ... but you need to be precise and attentive to setting it up and operating it, lest you step outside the grey area an the CRA invalidates your plans.

. : )FIGHT to keep 1031 Exchange    Congress passes laws on taxation and the President either signs them or vetoes. 

Just make sure you work with an accountant who specializes in cross-border taxation so that you pay the least amount of tax possible.

Of course there is a dbl taxation agreement with the US - We wouldn't work there so should be non-issue. 

In MD for example you go to the State Department of Assessments and Taxation and you can fill out a one page form and get an LLC created while you wait. 

Alternatively, find a CPA that shares the same outlook as you.A RE focused CPA would probably serve you best, though, as they'll be attuned to the nuances of RE deals and RE taxation.

So as long as you did so before OH instituted any clawback provision you'll be setting yourself up potentially to eliminate state taxation in a move of your portfolio to FL.

So you would normally plan on paying the following:6.2% employee's portion of Social Security plus matching employer's portion = 12.4%1.45% employee's portion of Medicare plus matching employer's portion = 2.9% for a total of 15.3% Self Employment Tax.However, the Social Security limit for 2017 is $127,200, so if you already make that much at your W-2 job, you will not pay that portion of the SE tax and will pay only the 2.9% Medicare portion on your earnings.Plus income tax at whatever your new bracket is that includes the flipping income.If you are close to that limit, but not quite over, then you'll pay the 12.4% of whatever portion is necessary until your total earned income between your W-2 and your flipping income reaches 127,200.