Increasing your deductions through knowing what is a repair vs. what must be capitalized and familiarity with partial disposition elections can create opportunities to take losses against other ordinary income.Here's some links on both:https://www.irs.gov/businesses/small-businesses-se...https://www.thebalance.com/partial-dispositions-31...

lets say you make 10k self employment money. you will have to pay self employment tax of 15%, and also pay federal tax and any applicable state income tax.personally, I save 30-35% of my se money to pay state and federal taxes.

It's not about you specifically per se.

I have found one exactly like that up in Desert Ridge, but everything I have found here in the SE Valley has been moderated by someone with coaching or education to sell and has asked to put me on a sales prospecting list.  

And while a home inspector may not be part of the "team" per se (since an inspection is usually a one-off sort of thing) you are trusting them to be your eyes and ears on the ground, and so I recommend to also find an inspector you can trust. 

Hi @Mary Esses!

However, when bitten by SE taxes, ordinary income and earning enough interest that it takes away normal tax credits like child tax credits for those of us with kids at home- the intelligent investor pivots to more tax-friendly activities.Paying more taxes does not necessarily mean one is earning more money or advancing financially. 

We have a few properties/land there in SE Conn/New London County currently under contract.

Bought a 30+ unit in Montrose, a 110+ unit by 45 and 610 loop, and a 78 unit SE inner loop.  

Yes, you can reduce your SE taxes by amounts contributed to your SEP IRA.