(April 15th, June 15th, September 15th and January 15th) These are the estimated payment due dates each year. http://www.irs.gov/pub/irs-pdf/f1040es.pdfIf your state has an income tax, you will have to find their estimated tax form and fill that in as well)Be prepared to pay 30% or more of your total income in taxes(Income and SE tax which is comprised of both halves of Social Security and Medicare)Second, since you are in business for yourself as a sole proprietor, you will file form Schedule C with your Form 1040. http://www.irs.gov/pub/irs-pdf/f1040sc.pdfYou will want to include your payments on your 1040 when you file your return.A single-member LLC would have no difference as it is treated as a sole proprietor for that purpose.If your LLC elects to be taxes as a corporation(preferably an S-Corp) You would be required to do the same thing; however, you will also be required to issue a W-2, and file employment tax returns.

We're looking at houses and my boyfriend has experience in construction but not termite inspection per se.

Here in SE England the 5-6% is before any expenses, so if you have to rehab or replace items you can be down even more points.On a wider note I am more confident the US has reached the turning point than I am about Europe, the whole Greece thing is making it very hard to predict the future.I am concerned about people with things to sell and the distance that puts them from the truth, that's why I started this thread.

You're right @Chris Martin, I didn't look at the company per se.

If you bought it under market and resold it a month later, that is buying for the purpose of reselling.Long-term indicates investment, Short-term is ordinary income, think of it just as you would capital gains and losses.If a dealer converts a property to a rental until they sell it, they are subject to SE tax on the income unless it is in an entity.This based off of intent, which is why you must have different entities and why you MUST plan, plan, plan.

I would consult legal counsel before acting but I respectfully disagree to say it is an SEC violation per se to mail to a private money list.True if you offer a specific percentage return or offer participation in a specific deal you may NOT legally do so.

Does it make more sense to pay SE only on the 28k+30k?

While I don't do the calculations, per se, the time/money tradeoff is always in the back of my head...Remember, there are two way to increase your hourly earn:1.

I hold title in the name of the 401K (with high liability insurance) until the place is sold, not in an LLC per se.

Include the profit on a schedule C to make it subject to SE tax.