It's a little confusing, so make sure you step through it carefully to assess your own tax requirements.

I studied SLO & lease option assessments and even hired a mentor for that before. 

You're looking at ordinary income rates and, possibly, self employment taxes.

I would love to be wrong though.Also, for the standard 15 day late fee - if rent is due on the 1st don't assess the fee on the 15th.

The problem I ran into with the first bank (and confirmed by the second one who returned my phone call) was “to consider any income from 1099 self employment I would need a tax return for the past two years, and they would average the amount.

I'm neither a lawyer nor an accountant, but I recommend Googling "closely held corporation" and then asking your tax accountant how, if any, the proposed idea might impact your overall tax situation (https://www.irs.gov/faqs/small-business-self-employed-other-business/entities/entities-5: A closely held corporation is subject to additional limitations in the tax treatment of items such as passive activity losses, at-risk rules, and compensation paid to corporate officers.).I've read that when two closely held corporations owned by the same small group of shareholders do business with each other, the IRS sees a red flag because some people try using this approach to evade taxes.From my readings of personal finance articles, this additional scrutiny is based on whether there is an "arms length" between the two parties in a transaction. 

(also, keep in mind the Superhost status gets reviewed quarterly - so I had time to recover from that 2-star review before I get assessed again)  With those controls in place, I think the Superhost system is pretty solid.  

Hello,I’ve had some clients interested in investing in a syndication using their Self Directed IRA, and the following came up that I’m very curious about - your help would be appreciated.

Hello,I’ve had some clients interested in investing in a syndication using their Self Directed IRA, and the following came up that I’m very curious about - your help would be appreciated.

Darion, I live in the West Houston area and consider buy and hold the right strategy for my objectives, I would love to grab lunch with you one day after Memorial Day...my treat!