What is important is that you understand how capital gains and  SE tax (per RE dealer status) can drastically affect net profits; it helps you get a better perspective on what projects to pursue (based on margins) when you start comparing things from a risk adjusted basis.

Harry Cassidy is one of the best listing agents in SE Michigan.

We did not purchase our current house at a deal, per se, though it has appreciated quite nicely in the 7 years we've owned it. 

The simple (but not easy) 1st step for me would be to knock out the cc debt and car loan while your SE income seasons.   

@Garret Kirczow I don't know that there is a magic number per se. 

There's no SE tax involved with Schedule E, so it doesn't seem like it should matter which SSN is used.

We're in SE Idaho, Rexburg to be exact.I look forward to sharing experiences with everyone.Let the fun begin!!

The s-corp owns nothing but has SE tax benefits and I can establish/fund a defined benefit retirement plan with excess profits if I need to defer reportable income.  

I prefer MFU 5+ as the application process is based on the property and not your credit per se while giving you a hedge against expenses. 

Nobody wants a vacation home in SE Houston!