You will also be subject to self employment taxes if you are doing this in your own name (I am not a CPA or attorney, but just PM me and I have one in North Houston that I can recommend).  

My mother-in-law is retired now and she has a 403B retirement plan with her former employer that is drawing peanuts for her.

These are some Wealth Creation Strategies that the Ultra Wealthy employ all the time as their biggest concern is Wealth Preservation.I know this was a 30k foot overview of the possibilities but like I mentioned, it would take a very long post including charts and narrative to go over the "fun" and being honest probably way beyond the scope of this forum.Get with a strong Attorney, Estate Planner and CPA to put the game-plan in action.

Harrisburg is the state capital, Hershey foods is only 6 miles away, and TE Connectivity has a huge hub of employment here.

One thing I learned is that most of the conventional financing  will need employment verification after 30 days of employment however this is only needed to finally close.

I like self-employed people because they generally know how to make money but they don't know how to qualify for mortgage.

@Sebastian Taylor A parallel course of action you could pursue while continuing on with selling the house to to find a someone looking for a house, but who cannot get a conventional mortgage (self employed, recently divorced w/ credit hit, etc).    

Self employed with a good accountant, sound familiar.

@Moshe EisenbergFor flips you might want to consider how to have LLC taxed as a S-Corp for investments held less than a year.The benefits are that you can minimize self employment tax, access more tax deductions like car, fuel, marketing, and mileage.It also eliminates schedule C and lowers audit risk.I am not an accountant so please consult yours to see if an S-Corp is right for your situation.

Before his job at Coldwater, he was employed with the same company for 20 years.