If we were to get a new administration by then (which will happen either in 1 year or 5 years), those rates could be higher or lower, but probably higher.

My careers included accountant, insurance sales, entrepreneur (retail...successful, but took too much time, so sold so I could spend more time raising my boys), software developer, college instructor, college administrator, and instructional designer (curriculum developer).Over the years, my husband and I rehabbed a few properties for rentals, which we later sold, so now that I am at loose ends again (the college I worked for the last 10 years gained a new administration who decided to lose a few hundred employees), I decided to try my hand at flipping.

I went back to school and got my degree in Healthcare Administration and was working in the dialysis field up until April of this year.Real estate investing has always been something that interested me.

Under the current administration, leveraging the available tax benefits is going to be even more important for commercial property owners.

Perhaps what you really need is an administrative assistant to do some of the minutia items and you concentrate on the more important items.

The partnership structure allows you a great deal of flexibility and while the number of tax filings goes up the record keeping and administrative burden remains the same.

If we have expenses of $1,500 yearly for insurance, $4,000 in maintenance (my estimate for hiring someone to do the plowing and salting with some other room for more maintenance costs), monthly rents of $4,105 (or $49,260 yearly), plus an additional $1,500 in administration costs, what is a fair sales price for the property?  

Since you're interested in house-hacking, check out these blog posts and podcasts on the topic:http://www.biggerpockets.com/search/wordpress?

Hence, someone needs to have standing as executor, administrator, personal rep or trustee (if in a trust). 

I have a background in Wordpress development and the behind the scenes interface is similar.