I am also a college student along with being a full-time employee at Polaris Industries here in Madison, AL.I must say Huntsville is the place to invest in!

I have no employees and organized as an LLC partnership.One other question about the Solo 401k.

Also, I have employees that work on the flip houses that will also be taking care of the repairs and maintenance on this project, but I agree.

We have about 30 employees and many dedicated subs. 20 million in annual sales or so.All this work for other clients.

3)if I register my Llc in Wyoming as a manager manage instead of member manage, can I put me  California tax as a  employee ?

I call mine clients vendors and service agents.. team members work for me as my employees LOL.. all the others are just the folks your going to run into if your going to do a real estate deal .

"Mr Tenant, don't worry it's automatic and just a formality...." bwoo har har har...The similarities in yours and my situations are crazy coincidental.

@Chris Salerno My business goals for 2020 are:-$50M in MF volume -Speak at 4 large live events-Write a book-Surround myself with at least 5 people who are doing bigger things in multifamily than I am-Hire at least 1 full time employee-Create enough income for my wife to leave her full time W-2

I think one of the biggest positives apart from adding to your portfolio and getting an extra $100 a month is establishing a record of being a landlord and making a profit. when people talk about the Brrrr strategy they don't mention that a lot of lenders won't lend to you unless you have provable experience as a landlord, almost the same principles as a 1099 employee you need to prove that you have an income in that industry

@Michael Perreira, sounds like he may have a lot to lose with too much exposure in court if he really hasn't been paying his employees.