I looked at the tax info on the property and found the address of the owner(they live out of state).

I'm considering starting an LLC that I can run rental income and expenses through for the main purpose of starting a retirement plan (probably a solo 401k) so that I can start socking away some income into a tax deferred account.

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.  

I have a decent amount in savings, but I would like to build additional investment capital before I purchase my first single family home.  

I was in love with micro lending until the account hit 5 digits and I started to get nervous, so I opened a Prosper account to build that and when that hit 5 figures I started saving for my first rental. 

To be honest, I am currently in the saving / researching phase right now.  

As we prep and save, we are here to learn all we can about the Boston, North Shore MA and national markets (also interested in NC markets).

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?