Net earnings for Social Security are your gross earnings from your trade or business, minus all of your allowable business deductions and depreciation.In figuring your net earnings for Social Security, don’t include the following:Dividends from shares of stock and interest on bonds, unless you receive them as a dealer in stocks and securities.Interest from loans, unless your business is lending money.Rentals from real estate, unless you are a real estate dealer or regularly provide services mostly for the convenience of the occupant.Income received from a limited partnership.How To Report Your EarningsYou must complete the following federal tax forms by April 15 following any year in which you have net earnings of $400 or more:Form 1040 (U.S.

There's always something and you're in an area with very old housing stock.$10k closing costs looks very high to me.I use 8% Vacancy when underwriting MFR.Insurance looks very low for a $650k property.

@Zachariah Hays My cousin loaned me money in exchange for equity.

I am currently helping them find properties here in the greater Phoenix area to 1031 exchange from their Vegas properties.

I always thought I could just 1031 exchange flips until I owned one cash, then rent it out and start the process over. however, after researching a little I realized that flips aren't eligible for 1031, only rentals :(  Are there any other creative ways to save myself from paying my taxable rate on the flip proceeds?

I’d like to exchange with new investors or experienced investors and would love to hear about your story. 

As I have mentioned in previous posts - I am willing to offer free labor in exchange for education.

The only thing I can think of would be a professional loan-for high income professionals like doctors or people with $250k of stock/410k assets. 

Therefore, I will forego the 250/500 capital gains exemption for a personal property on the portion that is being invested & likely have to use a 1031 exchange in later years.

This was a deal that my parents helped guide me through as I was looking to move out of stock/options to real estate.