I’m also hosting an event called the MidAtlantic Summit in my hometown of Philadelphia (with a lot of familiar faces from the site speaking and in attendance).

@Michael Plaks depending on the type of business, the age of the child, and the work performed, I do feel you can substantiate $10-12k wages.Presence of the following factors will lead the IRS to conclude that payments to a child are not deductible: failing to pay employment taxes and file information returns for the child (where required)paying the child a flat amount determined at the beginning of the year that is not based on the services actually performedlack of correlation between the dates and amounts of payments and the hours allegedly worked by the childfailing to maintain adequate records of the child’s hours worked and amounts earned, andcompensating the child for services that are routine family chores.In Eller v Commissioner 77 T.C. 934, the court allowed wages paid in 1974 to children ages 14, 13, and 9 in the amounts of $2,684, $2,616, and $1,868 respectively.

Several people, including myself, were left hanging for 30+ days after the deal was allegedly submitted for underwriting and approved. 

@Megan Davidson I don't like most people yet I have hundreds of 5 star reviews and maintain super host status.Another way to get 5 star reviews is to like 5 star reviews :) Ok so I like some people.

Also, I’m hosting free a first time homebuyers seminar tomorrow in Cherry Hill from 7-9pm.

Lessons Learned:-Be extremely selective as to the location of the property (I took on some regrettable properties when I first started)-If you are self-managing, be prepared to make a lifestyle change with multiple units-Educate yourself as much as possible before you start hosting so you don't make costly mistakes. 

I host my monthly RE meetup group tonight so I can't dial in.I understand IRAs and 401ks and I have done buy and hold rentals with solo 401ks, 401k loans, partnered with others in IRA's, etc.

@Jack Medford I am not getting a reply from the meeting hosts with information about this "Slack" account thing, did you have to do it/can i attend without it?

My 1st experience was so difficult and I wasted a lot of money on crazy contractors, misguided laborers and just an entire host of mistakes.

There are many TK companies that host weekend seminars to get to know them.