This response neither constitutes legal or tax advice nor establishes an attorney-client relationship.

Will the IRA be subject to self employment taxes (because this is a flip) or will it just be taxed as ordinary income? 

Both are good locations, but i believe the taxes are higher in new britain.  

The Decedent's estate owns.In my state, CA, the law is as follows: "PC 7001 - Title to property transfers immediately upon the death of the decedent, subject to the administration of the estate."

Another avenue you might want to consider is tax deed land sales that start coming up toward the end of the year.

My taxes are around 2100 yr with insurance at around $600.Is my investment in this property the 17600 difference between the current loan amount and the original value?

Hi all, this is my first real question here... a CPA recommended that for a residential rental business in NC I should start an LLC but buy the homes in my own name because a business cannot deduct the mortgage intere...

@Gary MontgomeryYour first year is going to be the most difficult because you will not have any tax returns as a SE investor, which is heavily weighted for bank underwriting. 

The LLC already has EIN # and state tax ID#, separate bank account.Advance thanks.

Simple question: Can I pay my wife to clean a rental property instead of hiring a cleaning company and claim it as a tax deduction, or is that unethical/illegal?