What made you interested in investing in this type of deal?

Here is a link to the IRS website for reference:https://www.irs.gov/retirement...Another great resource to learn will about this topic be this discussion on the forum:https://www.biggerpockets.com/...Here is the numbers,  We know only the Active Income can contribute to 401K, in order to contribute $20500 to 401K, you need $102500 Net Active income, because Self-employed only allow 20% of the net Income to contribute to 401K. that means you need to put $121015 minimum to schedule C as active income, and you need to pay $18515 for the self-employee tax to convert the passive income to Active Income,  is that worth it?

I used all the money I made from a highschool business in ecommerce and selling basically everything I owned to rehab it. 

When you reach the age of 19, it's important to have a reliable source of income, be able to provide a down payment of around 15% to 20%, and maintain a good credit score and debt-to-income ratio in order to be eligible for a mortgage loan.

These expenses would be reported on Schedule E (Supplemental Income and Loss) of your tax return.Since you incurred these expenses before you started renting out your property, you can typically depreciate the cost of the furnishings and any improvements made to the property over their useful life.

You could ask your accountant about options for bonus depreciation or possibly updating the properties in order to receive depreciation deductions or write-offs for repairs, maintenance, etc. 

Obviously the question is asked as your profit is made when purchasing the home and if I am off on ARV by 20-30k due to the uniqueness than I can find myself in a bad situation. 

Right now we require two incomes in order to afford the mortgage and looking to downgrade/rent for a while and be a single income household so wouldnt be able to pay the mortgage for the house unless its being consistently rented on FF.

I am open to anything.My highest level goals, in order:1.

Keep your licensing and permits in order, manage all vendor relationships with contracts and adequate insurance, maintain adequate insurance on your end and more generally operate your business soundly.