They must pay income tax as they earn or receive income during the year.Estimated taxes – If the amount of income tax withheld from a taxpayer’s salary or pension is not enough, or if the taxpayer receives income such as interest, dividends, alimony, self-employment income, capital gains, prizes and awards, they may have to make estimated tax payments.Self-employment tax – This is a Social Security and Medicare tax.

These are some of the best positives for a seller financing strategy.

Would the entire PITIA go against the borrower as housing debt, Then use positive cash flow plus add backs (depreciation, interest, taxes, etc.) as income. 

@Ralph Chiaia, You're in a tough position. 

See following for more on this. https://www.irs.gov/retirement-plans/how-much-salary-can-you-defer-if-youre-eligible-for-more-than-one-retirement-plan2.

It seems that only a 4Plex has the potential for positive Cash Flow while you occupy one unit.  

I would refi to a conventional and drop the pmi as it sounds like you got 20% equity position.

Also to note is that Clark County has a positive growth rate.  

The 3k might be worth every penny if he provides valuable knowledge and puts you in a position to make money for the rest of your life.

Helps just knowing what position I’m in going into this type of situation.