If investment - proceed to Step 2.Step 2: since it's an investment, it's a capital gain, no SE tax, and 1031 is available.

So the options are: You are a GC and are self managing, you are hiring a GC to manage, You are self managing and hiring your own subs, you are managing and actually performing the work.2) As far as municipal inspections go, you always need to pull a general work permit per se if you are going to be demoing and then doing an interior finish. 

There is a Facebook group that is nationwide and a SE Wisconsin Rentals group that you may be able to find some Milwaukee MTR recommendations in.

Jerome Daly, an attorney and defendant in this case, had handled his defense pro se against First National Bank, the plaintiff.

Which is good for a property I own without ever seing it...

@Joseph Hammel,With Solo 401k there are two way to contribute: elective deferrals (which is $20,500 for this year) + profit sharing of potentially another $40K, but it is not a match but rather based on the percentage of your net SE income.

.- rentals do not go under an S-corp, which is why a separate PM company was suggested- S-corp technique on reducing SE tax is both tricky and costly, and you cannot set up your salary arbitrarily- you can only base your 401k on the part that IS subject to SE tax- you usually cannot generate enough "earned income" from this 2-companies setup to make it worthwhile for 401kSee, it is not simple.

@Steve Vaughan I think the magic number for SE tax threshold is $400, not $600. $600 is the threshold for 1099-Misc. 

At least, that is what I did when I lived in SE Asia and rented a few spots. 

You can find good cash-flowing markets in the SE.