If you are a partnership or LLC, you will have ordinary tax income and SE tax which is an additional 15.2% tax.

RECPATAXMAN, If you could go into a little more detail on this S-corp SE savings.

Hi, My name is Gabe Ruffolo and I currently reside in SE Wisonsin.

@James PerezI'm not familiar with TX law per se, but in another state where there is unincorporated land not in a municipality, jurisdiction for land subdivision is still controlled at the county planning level.

If you will visit a lot and you are worried about having a second home rented  you could structure the rent for your mom as room plus use of common areas or shared expenses rather then leasing the house per se. 

I'm researching the solo 401k. What I'm curious to know is do contributions made to this account bypass self-employment taxes and/or payroll taxes or do these taxes get paid regardless? Your input is appreciated!

I'm more confident in my ability to manage the property manager, per se.  

It does not provide asset protection per se.

All ACTIVE income from a partnership is subject to SE tax (rental income is not active and is therefore not subject to SE tax).

Hi BP, I'm relatively new to the RE investment realm. I'm looking for a hand-on CPA who specialized in real estate investing. Does anyone in Oakland county or Metro Detroit have any recommendations? Thank you!