A self-employed field inspector who is already driving certain regions on a regular basis and performing a similar function for mortgage companies would be able to take on additional work in those areas and provide quick turnaround.

You may have to also pay SET (self employement tax).

I'm sorry but I'm just not willing to give up that much time to an employer so I can outsource running my business to someone else.

What I mean by that is, if an employee was to get killed on the job, and it was the fault of a subcontractor’s negligence, the attorney for that family could easily put claim against the GC that employed the deceased (who had insurance coverage/work comp), the subcontractor who was negligent and the owner of the property.

Brokers are independent contractors – they provide a way for mortgage lenders to increase their business without incurring the expense involved with employing sales staff directly.

This might be the wrong group to ask, but I wanted to ask what many of you self employed real estate pros are doing for health insurance?

Can’t you manage these yourself or know someone who you could employ that you trust with some experience in this ?

page=2Also, in the third thread I listed, @Albert Bui (a lender from Seattle) also made an interesting point in the last part of his post when he said:"One big reason is that properties held in S corps or LLC's taxed as scorps (wait whaa, yeah LLC's can be taxed as partnerships, S corps, and C corps) when transferred have to leave at market value which might be a problem if you bought it for 100k and now its worth 180k because, thats a 80k gain you got on your hands when this property is transferred (unless if you transfer or sell it to yourself at cost basis).The other reasons is like most people said regarding self employment taxes and avoidance of them in totality.Another reason is you may not want to comingle your liabilities of your buy and hold properties with your active business (wholesaling, flipping, consulting, etc) which may compound your risk for lawsuits.However, to the contrary I see tons of S-corps with investors or LLC's taxed as scorps for flippers or people who use their scorps for active businesses like hard money lenders and flippers.The benefit of Scorp is that us conventional lenders like to see income surrounded by a veil of s-corp legitimacy even though its only a couple pieces of paper filed with the state.

Hotels usually pay high local taxes and employ a lot of city citizens who also pay taxes.

It takes experience and a willingness to accept that not everyone fits into the image and experiences of a professionally-employed B-class investor/tenant.Everyone, please stop providing false information built on 1st-hand ignorance.