Scott, if your spouse takes early distribution she would be responsible for paying ordinary income tax plus the penalties on federal and state levels.

Mastering little crap like hanging blinds, ceiling /exhaust fans, light fixtures, switches and receptacles, closet doors, doors, screens, screen doors, patio doors, lockset changing and unsticking, smoke alarms, appliances, paint, trim, wall repair, cleaning, etc are the most common needs. 

Alternative investments in real estate produce PALs that can eliminate taxes with those paper losses.Traditional investments are okay in the beginning, but they're categorized as ordinary income and don't offer PALs.

We plan to add several other revenue streams, including renting out onsite storage that was previously included with units, covered parking, revenue gain from a new laundry facility (just completed), and adding amenities such as a grill patio and play structures.We project the IRR for a 5 year hold to be 23%, and a 10 year hold at 20%.

Updated all windows in large home for better efficiency .Built a patio and artificial turf for smaller unit so that they feel like they aren't just renting a small unit but also a yard and space to call their own .

A short-term capital gain results from an asset owned for a year or less and is taxed as though it were ordinary income.If you flip a home and sell it before you have owned it 12 months, your gains may be taxed as regular income which is typically higher than long term rates. 

The main house is a 2 bedroom, one bathroom, 1 car-garage attached with new shingle roof, new windows and doors, new stucco, new extensive drive-way, porch and patio, new wood fencing, new epoxy garage with remote garage door for you to enjoy.

We can also renovate existing commercial buildings to improve their appearance and functionality.Plumbing: We can install new plumbing fixtures, repair leaks, and upgrade your plumbing system.Electrical: We can install new electrical wiring, repair electrical problems, and upgrade your electrical system.Windows and doors: We can install new windows and doors, repair old windows and doors, and upgrade your home's energy efficiency.Landscaping: We can landscape your yard, install a new patio, or build a deck.Painting: We can paint the interior or exterior of your home, as well as your furniture.Hardscaping: We can install hardscaping elements in your yard, such as walkways, patios, and retaining walls.Cleaning: We can clean your home, office, or commercial space.Hope to talk soon!

Most times seller financing is not a great option for the seller because they lose liquidity of that money and are paying ordinary income on the interestThey can throw it in an index and get better tax rate and liquidity.

It's a tax treatment you elect to utilize with the IRS.So you start off with an LLC and when the amount of active income is high enough you look into making an S corp election (note: Income from flips and wholesaling is ordinary/active income for both.