Non-Passive =/= Subject to SE tax by default. 

We also purchase properties throughout SE NC and NE Florida.

I am looking for referrals for rental property inspection services similar to https://www.onsightpros.com/se... where they conduct detailed inspections and documentation for rental properties for $150 or so.

Interested in SE coast, anywhere from Miami up to Hollywood.

With vacant land becoming increasingly scarce—especially in Southeast Michigan—could we see a rise in home teardowns within established subdivisions? While this trend is already common in downtown areas, will it start...

Your SE tax on $200k is less than $30k, and your SE tax on $50k is more than $7.5k.

Today the sentiment on this site is very different than 5 years ago.Research from the IRS, the Census Bureau, and studies on self-made millionaires. 7 streams is more of a guideline or general rule per se rather than a strict hard rule for every single millionaire.

https://www.biggerpockets.com/forums/899/topics/1233024-warn...

@Prav Se Unfortunately, profits from real estate flips are typically taxed as ordinary income, not capital gains, because the IRS classifies flippers as dealers engaged in a business.

For Conventional, if he previously worked in the same industry, makes approximately the same (net) as he made while working as an employee, and has at least 12 months of SE history on his 2024 tax return, he may be able to squeak by.