I had taxable income of over $120K last year and my AVERAGE tax rate was 11.7%, my marginal rate was 15%.If you do enough flips though you could end up bein classified as a "dealer" which I think then puts you into the category of having to pay Social Security/Medicare (15.3%) on top of your taxes.Don't do too many!

Now where's the number for that yacht dealer?

I suspect that her son or a friend of her son was hiding drugs in the meter IF SHE ACTUALLY FELL IN THE HOLE AT ALL.

I don't know whether it happened or not, but I suspect her son was hiding drugs in the meter.

Ive talked to several investors that have invested in Baltimore city and they have told me too stay far away from it because they cannot get there houses sold, having problems collecting rent from tenants because they use there money(if they even have any) on drugs, and other usless stuff.

One of those scumbag contingency lawyers tried to sue us.Then, a tenant with a 16 year old druggie child, fell into the water meter hole when the child forgot to replace the meter cover after hiding his drugs.

He had 3 felony convictions for trafficking in illegal drugs; a felony conviction for carrying a concealed weapon under disability; a domestic violence conviction; and a bunch of other misdemeanors.Yes, I understand about dealing with ugly people (although to be politically correct, I call them scumbags).

I think most people just structure the transaction such that the private money finder is a principal in the deal to avoid commission-based licensing (broker dealer) requirements.It is no different than cutting someone in as a JV partner on a RE deal for finding a buyer.

I have a local HVAC guy, local York brand "dealer/installer".

It's in an "ok" section of the town that it's in... there are some bad areas (drugs/crime) in this town...There are still a lot of unknowns for me at this point since I'm new to this... and I'm hoping that by reading here and heeding advice, that I can avoid the mistakes that have been made by other people...