@Jorge A Amaya We like to focus on Raytown, Grandview, Lee's Summit, Belton, SE Kansas City, areas of Independence, and neighborhoods north of the river. 

If you at truly limited, the income that gets to you is not self employment  income and is not subject to SE taxes. 

@Charlie Moore I don't know anyone local to you, but will tell you that with flips you will owe SE tax on the profits as well as regular income tax so be prepared for that. 

We're active in central Ohio and have a mixed-use project in development outside Athens...really enjoy SE Ohio...typically there once a week.

So, this is not an investment question per se.

However once I do that the unit would roughly rent for 200$ more per month.I don't have a problem per se with the uppers as they pay rent on time and I know they likely won't leave for a long time.

.- You are probably going to owe  SE tax of 15.3% in addition to your 24%. 3.

I don't seem to have much trouble finding owner financing deals, per se. 

If it’s a cap gain, no SE taxes. 

@Ben HudmanAn S Corp can't get you out of paying SE taxes.