Here is a link about my employers gitca arrangement with the IRS if you’d care to look it over. https://www.irs.gov/pub/irs-pdf/p4932.pdfThank you for your reply, but I have to say I don’t appreciate the “disingenuous” comment.

I'm guessing that your current employer covers insurance..

For purposes of the definition: • Gross receipts are reduced by returns and allowances made during the tax year, • An employee is considered full time if employed at least 30 hours per week for 20 or more calendar weeks in the tax year, and • All members of the same controlled group and all persons under common control generally are considered to be one person—see section 44(d)(2).

First of all, thank you for clicking on this thread, there are a million of them out there and I promise not to waste your time.So here is the scenario:Multi-Family property (4 units) - Listed @ $205,000, on market 65 days.Estimated Acquisition: $195,000Realistic rent: $3000/mo ($750/unit)Property Taxes/yr: $5200Insurance/yr: $2400Planned Maintenance/yr: $1200Estimate Vacancy: 5%Down Payment: 25%Management Fee: 8%I have just recently gotten into the concept of REI and I've read all of the forums, blogs, etc. of investors having a hard time trying to find a good deal in the Houston area market, and I found this property quickly, in a public method of discovery with very little effort in about 45 minutes of searching. 

@Ayne CardonaThe percentages are basically a quick and dirty method of saving money for capex, maintenance, and vacancies.

Are you, or your family still able to find deals that cash-flow using your analysis method?

@Dawn YoungI took a self storage crash course and they recommend to purchase a property that is large enough to employ at least 1 full-time onsite employee.

I feel bad with people making these kind of monthly profits...listening to too many podcasts about using BRRR method and thinking $200 a month is a win....one thing goes wrong at the property and you are wiped out for years on profit for that unit...

It's for an increase in rent 10% only and changing the method of payment from electronic to money order

He pays what you call regular income tax PLUS 15% self-employment tax (Soc Security/Medicare).