If I form a LLC, I do not want to be subject to self-employment tax.  

This will depend on the type of loan, size of the deal, experience, FICO, and property location.

We have not employed the Divine Alembic to separate your soul from your body and deliver the Culinary Judgment of Ages upon you!    

Sacramento is one of those mid-size cities that doesn't seem to have any seriously blighted areas and the few blighted properties are few and far in between.

Haven't done LTR though, I like that the tenants are new, fresh and employed so far and haven't had much incidents.

It contains more detailed information on investing insights, analytics, and, particularly, investing in Las Vegas.Before proceeding, note that the charts only include properties that fit the following criteria unless stated otherwise.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF, one or two stories.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties (click to enlarge).Overall Las Vegas Real Estate Market InventoryThe chart below, provided by the MLS, includes all property types and price ranges.The inventory level continued its downward trajectory, significantly lower YoY.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents continued the up trend as expected.

I was presented with an off market deal in Hammond with the potential to rehab it and add another bedroom, so I am trying to size it up as well and see if its worth it.

I am unfamiliar with taking on a loan of this size and the possible liabilities. 

My ultimate goal is cash flow to be able to quit my job (self-employed) and focus on real estate full-time.

Simple question for you tax gurus! Do you pay SET on your LTR if you have a property management company?