Hi,I understand that the Employer (Single member Sub-S) contribution is tax deductible for the Company, however the Company pays both side of the ss/medicare (15.30%) tax. 

@Evan Alexakos If you have an offer letter for full-time employment that aligns with your major, you can use that to get a pre-approval letter while still in college and start your search.

I agree with your other reply that $10,000 is a paint job today, made me chuckle.. although with time you do get preferential treatment from the subcontractors you employ… but again I like that your rehab budget is this high.

Never assume this is a passive activity only.I'm self employed with a flexible schedule and have long had an interest in Real estate.

Also, you may have to pay self-employment tax on your rental income using Schedule SE (Form 1040), Self-Employment Tax.

Tenant Quality - is it located in a market where the tenants are employed, stable - versus so transient that a 30-day stay is considered normal (and you can't make money with those).3. 

Self employed

I just switched over from W-2 income to self-employment in May, which makes me ineligible for house hacking until May of 2024.

"Rental apartments typically employ 12-month leases, perhaps with monthly lease extensions after the first year, implying that rents can be adjusted annually, if not monthly; self-storage facilities typically have similarly short lease terms.

The tenant can afford the $1,500 per month rent based on the employment and income verification that I received with her application.