There are no special real estate loans for foreign nationals in NY per se.

You should be using an S-corporation for this business since an S-corporation is not subject to SE tax.

Being an S-corp will get you out of the SE tax and still provide for single taxation and flow-through qualities like that of a partnership.

I am located in SE Washington, (TriCities) if anyone is interested in properties out here!

Whatever the income level (first property rented for 1200 in SE Memphis, so not talking about "hoods") Detroit, Cleveland, Atlanta, Memphis where ever.

Ed,It would moderately suck to do this and get moved but I am comfortable with the situation for a couple reasons.1) There are many good programs in SE michigan which are all going to be ranked at the top of my list.

We are in the same market - I'm closing on a place in SE before the end of the month, where is yours?

For example, You may have a silent partner who won't want to have to pay SE tax on all of the income.

I doubt it, but wanted to check to see if there was a loophole.On solo 401ks, is the self employment income that you can contribute from, limited to whatever you report on schedule SE and pay self employment tax on?

Rentals in SE Michigan are very strong.