I was just curious if anyone else has the same scenario as me and if they pay estimated taxes through out the year or not.Currently my wife works part time W2, they do not with hold taxes and she does real estate in her free time which is classified as self employment.

@Justin BoggsIf you look at city-data.com you will see some census data on that area:Median household income: ~$24k - that # goes up as you get closer to the Georgia line.Unemployment: between 16-22%Residents below the poverty line: between 21-35.5%From that data, I would classify the area as a C or even D class area and everything that goes along with that.

I think they should have been classified as rooming or boarding, leaving it a residential classification just like LTR's but that's my opinion.

Hi Jack, if you are using your business account to purchase the trip and other essences there, it is easier to classify as business expense.

(C)ScopeSubparagraph (B) shall apply to a person procuring a consumer report on a consumer in connection with the consumer’s application for employment only if—(i)the consumer is applying for a position over which the Secretary of Transportation has the power to establish qualifications and maximum hours of service pursuant to the provisions of section 31502 of title 49, or a position subject to safety regulation by a State transportation agency; and(ii)as of the time at which the person procures the report or causes the report to be procured the only interaction between the consumer and the person in connection with that employment application has been by mail, telephone, computer, or other similar means.(4)Exception for national security investigations(A)In generalIn the case of an agency or department of the United States Government which seeks to obtain and use a consumer report for employment purposes, paragraph (3) shall not apply to any adverse action by such agency or department which is based in part on such consumer report, if the head of such agency or department makes a written finding that—(i)the consumer report is relevant to a national security investigation of such agency or department;(ii)the investigation is within the jurisdiction of such agency or department;(iii)there is reason to believe that compliance with paragraph (3) will—(I)endanger the life or physical safety of any person;(II)result in flight from prosecution;(III)result in the destruction of, or tampering with, evidence relevant to the investigation;(IV)result in the intimidation of a potential witness relevant to the investigation;(V)result in the compromise of classified information; or(VI)otherwise seriously jeopardize or unduly delay the investigation or another official proceeding.

If you don't actively manage, your drive time could readily be classified as "investor" or "personal time" - the IRS Audit guide actually seems to default agents to travel time being personal. 

If this post goes in the classifieds section then my apologies. 

@Carlos Ptriawan Thanks for classifying the various risk categories, definitely wasn't aware of these in the past.

The more you look at the easier it becomes.Secondly, I'd say that it SEEMS like you might be stuck in what many investors would classify as "analysis paralysis."

Hey guys,Just want to update everyone on my current "solution" until I hit the next level in my investing career where I need to invest in better bookkeeping systems.What I actually did is download the Stessa app which has a cloud based system that can be accessed from the phone or computer which was my primary goal.I created 8 properties on the application.4 were the properties of my rentals1 was the address of my broker which will function as my real estate agent expenses1 for the address of my Nurse practitioner job1 for the address of my Nurse Manager jobLastly, 1 for the address of my personal residenceDoing so I'm able to put different expenses by address, therefore being able to classify it by business type.