You will pay extra 15.3% as self employment taxes when you are classified as dealer.

You have no idea if they have the ability to pay your rent, because you did not do income or employment verification.

I've got a map the breaks down the city I can upload, and there are a couple of people on here who have done writeups on employers and stuff like that.

Thankfully my employer will let me work remotely.

Run a credit and background check and verify employment / earnings to make sure the tenant can afford the home. 

Location of where Guido can find you in case of DeFaultseriously, on a first deal they typically pull your credit, copies of bank statement and employment verification.

I am a self-employed 20 year/old and my pre-tax income is $60,000.

Reaching out to the City to see the number of new construction permits, evaluating the area infrastructure, state of the market economy, determining whether the major industries players (aka employers) will remain intact due to Amazon effect, etc.My best!

While I do not have much to give in real estate, I was able to pull together some data on prices for SFH in the suburban area of Dayton Ohio (Near WPAFB, a big federal employer) that I want to share.

@Andrew CheekHaving a management company can be a good idea...it can also be a bad idea.It really depends on what you are trying to accomplish.Having a management company does potentially create an opportunity for self-employment tax liability.If you are trying to put money away into a retirement account or deduct health insurance, maybe a good idea.Good to talk to an accountant before you go this route.