Based on your plan you would be taxed at ordinary income rates, not capital gains.If you did that many houses you would be considered a dealer and may be subject to self-employment tax as well. 8)

When you hold property for cash flow and depreciation, its best to incur as many ordinary expenses as possible.

Looking for roofers, plumbers, electricians, windows/siding, exterior retaining walls, concrete patio/stairs, and handymen.

Not sure on the land contract or balloon payments.If you do not own a property for at least a year, your fear should be being taxed as "ordinary income" instead of capital gains.

Regarding payroll, you may use funds to compensate those individuals for their services in the ordinary course of business.The SBA UCC filing reaches all business assets to the value of the loan.

things haven't been 50/50 since the 50smen are required to bend their backs over for women. you sound like a much much older man and you should be thankful. just to get a date with an average looking female in 2017, you better be at least 6'3, ripped, look like a calvin klein male model, and have a net worth of at least $1 billion. dont even get me started on whatcha need to do to get a moderately attractive one. seems like ordinary men in the younger generation have to bend their backs 180 degrees, climb mount everest, and win an olympic triathalon just for the PRIVILEGE of MAYBE being able to say HELLO to the woman's GRANDMA Lol..

I require tenants to take care of "ordinary pest control" which includes flies, spiders, the occasional mouse, etc.

Ordinary income merely means the income is subject to ordinary graduated tax rates (hence, rental real estate income is also ordinary income). 

Most ESAs are just ordinary pets that people are trying to sneak in by doing an end-around. 

There is a right way and a wrong way to buy Turnkey property and it is really, really simple to make good buying decisions in almost any city if you follow the advice in this book.I enjoyed writing it and am already working on two more books - one real estate related but not about Turnkey real estate and the other about ordinary people having extraordinary impact on their communities.