You could even (potentially) show it with the existing tenant in place, if you give the tenant sufficient notice (check local laws) and you trust the place isn't a pig-sty.Good luck.

There are revocable trusts, irrevocable trusts, self-settled trusts, land trusts, gun trusts, medicaid planning trusts.......the list goes on and on. 

Unlike passive rental income, the income from an active trade or business is subject to self employment tax (a nasty 15% tax commonly referred to a “social security and medicare” by working folks).

I live just west of Portland, and I'm looking to get into REI a little more to supplement my retirement as I'm self-employed (General Contractor) and don't have much of a traditional 401k, etc.I started out buying a duplex as my first house back in 2005, which I lived in one side for 7 years and rented out the other.  

You don't need a reason to do this, you just simply need to give them sufficient notice as required by your state. 

I'm looking to become self-employed and would like to start with Joint Venture Wholesaling.

However, when I look at the IRS publication on per diems it says self-employed persons can write off food per diems. 

Started with self-funding but with now, with increased units, will be syndicating. (3  How are you managing the properties?  

Hi BP experts,Everybody knows the advantages of self-directed IRA's as opposed to the ones we get from Fidelity/JP Morgan Chase/Merrill Lynch etc.

Granted one has a great credit history and a sum sufficient for a down payment.