I would be interested in being able to contribute to a SEP IRA or Self Employed 401K.

I was thinking it could be a value add having the ability to see the story behind a tax return for self employed folks.

If you don’t really know the market, surround yourself with people that do and start learning about cap rates in that market, vacancy rates, rental growth rates, unemployment rates, employers (job generators), governmental policies and regulations, and so on.

What exit strategies they have employed and what is their niche in real estate.

Your CPA can do this but they must ensure they follow the IRS guidelines and either employ or act as an independent third-party certifier.Can I apply for this deduction regardless of how much I spent on upgrades on the building?

Profit from flips are taxed as active, ordinary income which includes self-employment tax (15.6%). 

You get that first paycheck and notice your employer automatically took out a portion of your salary and create you a brand-new 401K account.

Repairs and maintenance aren’t a big deal as we have folks employed that handle most of it.  

I once got references from someone who was 63 and all his references were from his past employer.

Her mother still lives at the house we’re buying and we want her to continue living there for many reasons, but a big reason being that we employ her as a nanny.