Wage growth is almost 4%, that's helping.

You can try to garnish wages, but if the tenant is just scraping by, you will not collect much.  

We also use inflation and wage increases as benchmarks, but we keep good tenants slightly below market rent.

When you're 30, the money you made at a part time minimum wage job when you were 19 will likely have zero bearing on your life, but the learning you do from now through your 20s, and the grades you get in college likely still will be impacting your life when you're 30, 40, 50, etc....

Therefore, we report income that we earned during the year, which includes wages earned from January to December.We would also include the roth conversion that is done during the year.It depends on how much of a conversion you do, how much other income you have, what state you live in, your filing status, etcBest of luck

High earners, self-managing STRs, 7 days or less average stays.Why act now?

Life is so fast for high income earners they want answers in seconds or minutes to find someone to do business with.

So ignore High score, low score and use the middle.Some DSCR investors can use the "High Score" of the bread winner or higher earners income.

I picked up a seasonal job making minimum wage a month ago.

On $400k net profit, shifting $250k to distributions can save you around $35k in payroll taxes alone.Reimbursing home-office, vehicle, phone and internet, per-diem travel, and health-related fringe benefits, where eligible often adds $15k in annual tax efficiency.Solo 401(k) from S-Corp wages can shelter $23k to $69k+ depending on age or profit, creating additional deferral/savings.Rule of thumb:If net flip profit greater than 150k/yr, the admin hassle may outweigh savings, you will need to optimize insurance and stay in your name or simple LLC for now.If net flip profit less than $200 to 250k/yr or you’re scaling partners/crew, an S-Corp usually pencils, savings can exceed compliance costs by 5–10x.This post does not create a CPA-client relationship.