Section 6254.21 of the Government Code prohibits the posting of home addresses on the internet of any elected or appointed official without his/her written permission.

If you also include state taxes, you can easily get above an effective tax rate on your flipping profits of 50%.Depending on how much profit you are showing, you could have an LLC that elects to be taxed as an S Corp to reduce the SS and Medicare liability.

LLCs generally have no tax effect if they are taxed as a disregarded entity or partnership.Maybe the taxes change if a corporate tax election is made for the LLC, e.g.

There are warning signs here and you'll probably have some work to put in here so that they understand the difference between a real maintenance issue and something a tenant elects to qualify as a maintenance issue.

PAny rental activity in which the taxpayer fails to materially participate, however, is passive despite the taxpayer's qualification as a real estate professional.13As an alternative, a qualifying real estate professional may elect to aggregate all of his or her rental activities for purposes of establishing material participation.If the taxpayer elects to aggregate all rental activities, does the taxpayer materially participate in the combined activity?

@Michelle Lin, I elected to not go with them as the deal fell through.

.), so you cannot take an expense election for ductwork even if below 2500. 

Depending on your tax election will dictate how you will pay yourself.

@Jay Helms Typically, we will implement a utility system or some owners elect to split the utilities by adding another meter(easily done on duplexes with basements).

Contribution limits for 2018 are as follow: Employee elective deferrals: $18,500 (plus $6,000 catch up for those who are over 50 years of age)Employer profit sharing: up to 25% of your compensation Total limit: $55,000 (plus $6,000 catch up)