Turns out to get a fha loan not much is needed just 2 years solid employment and enough funds for closing costs and down payment. also a good credit score.

Hi @Raj Pat,Please do me a favor and tell me when you find that deal at no points on a series of non-owner-occupied four-unit properties with concorrent closings, and who gave it to your buddy, so I can switch employers post-haste.

I keep the receipts and tally them up at year end.I gave my accountant a spread sheet adhere 1040 self employment.

I will have multiple tenants and running my home as a legal business, but especially because of the higher turnover, I want to be prepared by creating an LLC to protect my business, and to employ some part-time help with the management of the property on-site.  

It looks like there are new investments in the area to create employment.

And that is split with your brokerage, and what you get is taxed as self employment income, which remember has a higher tax rate than a w2 income.Other costs with your license are mls dues, sentrilock/suprakey dues, Realtor association dues, e&o insurance, continuing education classes, possibly desk fees from broker.

The reserves that we did have, the former board repeatedly tapped into to cover small expenditures less than $10k which you are not supposed to do, and they did not fund the reserves for future projects (such as painting the community, paving the parking lot, etc.), and we owed over $98k to our reserves when I took over.  

I am self employed, 51 yo, and looking to invest my retirement money in Real Estate!! 

Xero has come out with a self employed version (think it is free or low cost)  that makes it super easy to swipe one way for personal and one way for business.  

I am a self-employed handyman with over thirty years experience.