Rental income is classified as passive income for tax purposes and is treated the same as any other form of business income except that it is not subject to self employment taxes which is a big break.

Why would you screw up the assessed tax for a 1031 exchange.

So, I'm trying to figure out how I can take a self-study crash course on mortgages and finance principles before the instructor assumes everyone in the class already knows the basics :oops: .

Fear of the UnknownProcrastinationLack of EducationComplacencyPoor Self ControlFear of SuccessWorld of ScarcitySkepticismLow self-esteemHopelessnessThe “Haves”: Overcoming fear offers!

. - int. onlyThis is for stated income only as my niece is self employed.

I want to know as much as possible, and mabye my grey matter will deem some type of value in exchange.I wish you all the luck as I do my self, for the factors we can not calculate-Art

I've been self-employed on and off for about 10 years and was look for some new ways to generate income.

You can do it, but I would recommend getting your specific road map for this from a competent lawyer and shy away from self proclaimed real estate gurus telling you how to outwit tax law--take your advice from a professional or you will not get professional advice.

I tend to agree with all cash's assessment of the situation.

I'm also self-employed in my sales job so I'll have some difficulty with qualifications.