I'm not risk averse per se but I'm just trying not to get wiped out. 

Don, to me I always like to say if your getting into the business as a business owner not an investor per se.. its a lifestyle and unless you and your family can embrace this lifestyle most folks don't get very far..

While I do t have any regret per se as even the bad stuff got me to where I am today.

Better wait for an expert to confirm or deny but if you actively participate in a business then you'll pay SE taxes.

Perhaps slightly in this se market conditions no mater the location, but again, that all depends on YOU and not the location.

If one of you already have a high paying job, maintaining the partnership to allocate the SE income to the spouse that already has W-2 above the 128,400 income base could save you 12.4% of SE taxes. 

Ordinary income potentially subject to SE taxes for an asset used in a trade or business.And it's very unlikely you're going to get back when you paid for the asset when you're selling it with one year's use on it.

They are not in the Arlington heights neighborhood but still a good part of SE portland.

(The Nash, 925 11 St SE, Calgary, AB T2G 0R4, Canada)

There is no silver bullet per se!