Hello everyone I'm an audio tech from NY my wife is a middle school teacherWe are looking to invest in real estate  in order to secure some savings for our two kids and maybe even provide extra income for ourselves as well. 

If you are a sole proprietorship you get stuck with 15% social security/medicare on your net profits.

The Commission take steps to clarify the cunent ambiguity in broker-dealer regulation by determining that persons that receive transaction-based compensation solely for providing names of or introductions to prospective investors are not subject to registration as a broker under the Securities Exchange Act. 2.

I don't think I stated "security deposit" like that that.

I know the feeling.As of yesterday I am officially tax-related and entity-related post agnostic!  

My tenants provided me sercurity deposit and first / last month rent at lease signing.As I understand that Florida law require that security deposit to be held in separate bank account.

We keep our FL tenants' security deposits with the small regional bank there. 

He gets $900 per month social security since he opted to take it at 62.

Those kinds of loans are backed by the US Government and I don't believe a foreign national can secure one of these loans.

If you get turned down due to your lack of credit history, apply for a secured card.