First of all, do not take any money out of the business, because you will need it.

If you control how they perform tasks, set their hours, or provide tools, they should likely be a W-2 employee, requiring you to withhold taxes and comply with payroll regulations.

Looking for tips on tax savings on the small business.

There is a lot of public info out there on their funds and how they are (not) performing.  

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.

For instance, properties with an accessory dwelling unit (ADU) on the lot that can be implemented as a long-term or short-term rental can perform exceptionally well.

Every lender has guidelines; that’s why it’s important to perform due diligence with lenders, just as they do with borrowers. 

., the result is that we aren’t challenged when we need to take ownership if the borrower can’t perform.    

It has been a steady performer for both appreciation and cash flow over the years.