However, there might be some tax benefit in your situation to treat this as a partnership (LLC tax as a partnership ).For instance, this treatment could reduce a married couple's SE tax bill when one spouse has wage income above the Social Security tax ceiling ($128,700 for 2018).

I dont have any mentors per se, but my social circle is filled for the most part with very successful people. 

se... 

Obviously because of higher income and cash flow during this year, you'll pay more in taxes after tax return.I've got the same situation - more unexpected 1099 income (+SE tax from that) and never paid my advance tax payments.

They are not really investors but speculators.Micheal  its totally apples to Oranges  when i got into this game a century ago or it feels like that.. investors did not buy SFR's per se like they do in droves today.. and from my cheap seats.. all the new construction we build not a single property goes to an investor.. price is the price and you get to the price by cost plus profit and profits are generally 10 to 20% of gross sales prices as your cmpeititon backs into it the same way.its only the last 20 or so years were soup de jour is getting rich only rentals and the easiest way to do that is buy low value SFR.. beginners can t start generally with 2 mil apartment complex.. but they can a 75k SFR.. 

By the way, we are in Mexico currently, and three months ago, we were in SE Asia! 

There will be more taxes on SE income, more years of stable income to get qualified for a mortgage and not always your results will be stable when the market change.

You are also recording your losses with the state of they allow loss carryforwards.2) As noted by someone else, a BRRR is just another rental, flipping is a business that would be subject to SE tax3) Fees will range widely by location and the firm you are working with.

I don't believe the goal should be housing per se, it should be more like self sufficiency while respecting other peoples rights.

I dont invest EOTR, east of the river, which is likely the part of SE you mean.