Rental income only triggers SE Taxes if you're a real estate professional.

@Ralph Dicharry, @Robert Leonard, i tend to agree with both of you guys approach to getting clearance for proper flood elevation and requirements, FEMA guidelines can be daunting sometimes because of the updates, some areas might not have the data necessary at the time, a good trusted realtor can fill in where data is not available, we try not to buy or acquire in flood mandated areas, the problem with the scenario we are facing since the recent flooding are areas that have never flooded before now require some due diligence before buying, good luck and much succes in your endeavors, if the #'s work for you then pull the trigger, do you work with any realtors?......

Then you use a hair dryer to shrink the plastic down to get all the wrinkles out.

., yet I have never pulled the real estate invest trigger.

We are up to the market analysis step right now and hope to be ready to pull the trigger soon.

Just something that triggered my thinking. 

My wife and I owe nothing on our home and her hair salon next to our house, would it be smart to have those properties underneath our LLC or should I leave it under our own names?

You just need to manage those risks.https://www.biggerpockets.com/renewsblog/2015/06/06/5-reasons-do-not-invest-using-llc/Transferring properties out of an LLC to another or back into your name could pose your triggering the "due on sale clause" which is probably something you would not want to do.

There is also always a need for personal services (nails, hair), restaurants, Coffee, medical, etc.

@David WinstonWhile an IRA can obtain a non-recourse loan for investing the IRA funds in real estate, such arrangement will trigger unrelated debt financed income (UDFI).