How much income does a wholesale business need to generate for an LLC with S-corp taxation to make sense? 

However, I asked Chat GPT this question and it told me 'No'Obligatory apology for the long post but I felt the details were particularly important to understanding the context and nature of my confusion.Multiple counties reference section 3712 of the CA Revenue and Taxation Code to state that "The deed conveys title to the purchaser free from allencumbrances of any kind existing before the sale, except..." and then goes on to list multiple exceptions that appear to all be related to governmental and/or taxing authorities but I don't see anything that seems to imply anything about mortgages being included as an exception.Additionally, Ted Thomas' page (https://tedthomas.com/is-calif...) states "IS CALIFORNIA A TAX DEED STATE?

If you are not really creating income with your self employment, that will be a non-factor.The fact that a Solo 401k eliminates Unrelated Debt Financed Income taxation (UDFI) on leveraged real estate investments is nice, but the reality is that UDFI liabilities are generally not that significant for most IRA investors.  

With a C Corp, you have to extract the capital eventually, and the double taxation is a killer, even with the lower flat 21% fed rate at the entity level. 

@Jim,If you are in the process of setting up a plan, your plan provider should be able to help you with these issues.A Solo 401k is exempt from UDFI taxation on debt-financed real estate, regardless of whether Roth or tax-deferred funds are used.The IRS will want to make sure that there is no squishiness in the valuation of the two sub-accounts.  

The assessed value is the value that is used for taxation, and it really has very little to do with the appraised value most of the time.The address is listed, you should be able to look up how much the current owner paid for it, and if there are any liens.  

The LLC is subject only to capital gain rates on the ownership shares of the member, and not to the corporate capital gains taxes, therefore no double taxation.

If so does this impact the taxation of the interest or will the IRS simply want the total interest earned for the calendar year?

I'm comfortable working the numbers and doing business with people, whereas administration, taxation, legal issues and home improvements are things I still need to get to grips with.I'm thrilled to be joining this tremendous community, and hope that we can all celebrate a lot of success, joy and happiness together!

Will,In Maryland we have the State Dept. of Assessments and Taxation online.