I'm a Ny'er and own a wholesaling business in the Milwaukee Market. 

They lower taxable income for federal taxes but not for FICA.However, employer contributions made by the S-Corp are not subject to FICA and count as a business expense.Make sure your W-2 correctly reports wages, deferrals, and FICA wages.

Doing business with family can put a lot of stress on the relationship.

College isn’t a must for real estate, but it can definitely help with things like business, marketing, and communication skills.

Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Almost any business you look at has its own gurus and scammers.

His team is adding a course on buying businesses, and they are also working on adding Real Estate College Semesters and learning badges. 

My significant other and I decided to use a builder she had done business with in the past.   

Then find a CPA who can help you set up and manage your business and advise you on the best business structure.

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