Probably just a case of the tenant se

There's nothing wrong with turnkey per se and it seems that this was definitely a one-off, but why buy turnkey at 99k with $1,000 rent?

Not a bad analysis per se, but get the real profit number first.

Black Diamond is about 45 SE of Seattle.  

Also, once he has broke the ceiling in a neighborhood he continually targets it since he created his own comps per se.

(if you plan on doing them) You pay yourself a small salary (say 30K a year) then take all the rest as distribution, which is exempt from SE tax.

@Sean S.I would think someone trying to DIY an LLC operating agreement would be analogous to someone trying to perform surgery on themselves to save money.There's too much you're not considering if you're using a template online, probably 704(b) and substantial economic effect as well as state partnership law and writing your capital partner in as the functional equivalent of an LP so he has no exposure to SE taxes.Having an attorney draft the agreement is money well spent. 

No programs per se. 

Rent you receive from real estate held for sale to customers is subject to SE tax.

I've also owned condo that don't have a roof per se as there is another unit above them that has a roof, and the roof was condo maintained.