I just want to add that if you're doing it as a business, don't get too hung up on 1099's, make sure you're dealing with a businesses that's licensed and insured, if not, it's going to cost you.I had a business, had regular employees and some 1099 guys.

Fast forward to today: Milwaukee has been in the news lately quite a bit - Foxconn (one of the largest manufacturers of consumer electronics with 1.3 million employees) has announced a 10 billion dollar investment in a new plant creating  up too 13.000 well paying jobs in Southeast Wiscinsin, probably Racine or Kenosha - close to the lake.

page=1https://www.biggerpockets.com/forums/48/topics/429980-officially-financially-free-at-32----exciting-dayhttps://www.biggerpockets.com/forums/223/topics/445367-full-time-employee-multiple-brrrr-side-hustle-2875-to-goalFor buy and hold rentals, there is a continuum of perspectives.

With pre-tax retirement accounts, the funds are invested prior to taxes being taken out- this is typically how companies set up their 401(k) plans for employees.  

page=1https://www.biggerpockets.com/forums/48/topics/429980-officially-financially-free-at-32----exciting-dayhttps://www.biggerpockets.com/forums/223/topics/445367-full-time-employee-multiple-brrrr-side-hustle-2875-to-goalGood luck to you

Can you also structure yourself as an LLC as a Loan Mortgage Originator even though your an employee?

With two years left on my contract I've decided that i'm done with being an employee forever.

Id say its not that common industry wide, we just have minimums since we cant carry dead weight with all the employees we have working here.  

I'm curious if anyone has either set this up, or has any thoughts or criticism on this plan.  I want to open a Roth IRA for my daughter and pay her according to her age (5) and abilities (mulching property and washing...

Consequently the new measures are not applicable.The irony of the situation is the work force in many sectors - do in part to loosening of regulations and declining role of unions - has transitioned from one of "employees" to one of self-employed contractors.