As @Chris Seveney points out above, often the income winds up being ordinary and subject to SE tax.

Quote from @Chris Seveney: Quote from @Pierce Commerford: Hi, I am a new real estate investor that gets alot of value from Bigger Pockets.

Thanks for the insight, Chris.

Quote from @Chris Seveney: @Elizabeth RoseHave you contacted your insurance company?

Chris

@Stuart @Gregory Schwartz @Chris Seveney Thanks a lot for taking time to respond to my query.Initially when I made an offer to purchase the property, the lender-1 brought so many last minutes after about 10 days into the deal.

Quote from @Chris Seveney: Quote from @Conor Neville: Hi all - my business partner and I have found a nice property we are interested in and are trying to decide between a conventional 30 year through our lender, or the owner financing offered by the owner, which is as follows: Price is $280k, would need to put 30% down and it would be amortized over 15 years at 1% below market rate.

@Shawn McCormick @Chris Grenzig This is really great insight.

Quote from @Chris Allen: When Do you think the best time would be to sell off a small portfolio? 

Quote from @Chris Grenzig: @Alex K. we started out managing our own properties and now we also manage for other owners too.