There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Personally speaking, from an investment broker and investor standpoint, I feel single family investing is the riskiest in some investment ways in comparison to larger investments due to the fact that it only takes 1 repair or tax/insurance hike to put you under or lose all income.

The information shared is based on my experience and industry knowledge and should not be considered legal, tax, or financial advice.

Unless there is a reason to submit your tax returns, you could go w2-only. 

But ya have to make some educated prognostications in life.Add this to the information your processing - What your talking about doing is eliminating around $4000 or interest expense (which is deductible anyway so really could be a real impact of eliminating $2800 or so) of debt in exchange for paying over $10K in capital gains tax (don't forget possible state gains tax as well).  

Tax Breaks- I am not an accountant, but I recommend conversing with one to see all of the benefits to owning a rental property.

The tax paid from your lending proceeds should be the equivalent of your tax rate I would think.

The accounting class will help you keep your books in order and understand your taxes.

I have my 2023 taxes Non W2 and hope to have my 2024 Taxes Non W2 back end of this coming week. 

There’s no shortage of properties that could benefit from your expertise, and using your team during slower periods is a smart way to build equity and maximize returns.If you’re considering your first project, I’d suggest looking at duplexes in Belton, MO.