NOT SUGGESTING ANYONE GO 'SHOPPING' PER SE.

I am an investor, one of the few in Florida, who has conducted numerous pro se quiet title actions.

So total tax at the highest bracket would therefore range from 58.7% to 71.7% taxes, not counting a 25% corporate tax which would raise the rate further to 83.7% to 96.7% @David Krulac ,If income is subject o SE tax it is not subject to the 3.8%.

Will there be a down turn, probably in some areas, why do I say that...Several sources are showing an increase in inventory, many institutionals bought a bunch of houses and turned into rentals, they didnt pan out, so that pumped up the market and if/when they sell, it will hurt the market, I travel a bit and am seing more empty houses again, the US govt is spending more than it can sustain, instability overseas on several fronts, and onSo, you can put money under your mattress or put it somewhere, I choose real estate and will continue to, if I can buy foreclosures at 50% still, then the market can drop 50% and Im still in a good position and thats not even counting my rents that have climbed 37.5% and Im going up again next Summer.  

If you are dealing with a FSBO then I would suspect you still want to document them and deliver them but mine were not part of the purchase agreement per se. 

One of the reasons I selected the 2 areas I did was that there is no large builder per se.

Over reporting or falsely reporting Schedule C income allows people to get a $1500+ refund, even after paying SE tax.I say don't get involved in any of this.

I've started asking for an additional 1 month's security deposit for SE applicants because my experience so far has been that those in my area who claim to be self-employed tend to be fly by night.However, I'm concerned I could also be weeding out good applicants who can't pay the extra deposit.

(disclosure: I am not a lawyer and this is not legal advice.)This allows you to go after any and everyone for rents due - typically you would go after the strongest person, which in this case, would most likely be the cosigner/guarantor.. https://www.landlordology.com/what-is-joint-and-se...

I appreciate the info - this is good for me to hear even though it's not good news per se.