I initially resided on the property as a tenant myself.Prior to the current tenant moving in, all tenants were aware that I was getting married and would eventually move out of the property on Nov 18th, 2024, with the expectation of moving out of state by the end of December.It was understood that I would continue to utilize the garage and one room for storage as I transitioned to living out of state.All tenants were also aware that I would continue to access the property during this transition period.The tenant in question moved in Nov 1st, 2024.

From experience, proper planning, strong insurance coverage, and networking with experienced investors are key to making the most of an LLC for your investments.Good luck!

That being said, if you look at the smaller cabins (900 to 1,200 sq ft), I think the numbers are still very strong. 

A strong agent who invests can help analyze deals, run comps, get rents, help you explore multiple investing strategies, strategize offers and negotiate best prices/concessions/ repairs. 

Specifically for the missed items during the review prior to the initial call, as well as the piece on no action plan.

PROS of a Solo 401(k) using a custodian: 1) Should you pass away while Solo is still active, or when you eventually need to terminate the plan and rollover to an IRA, much easier to open an IRA with that same custodian and initiate a rollover of the assets (retitling required at that time). 2) You have a custodian that likely offers some level of client support and education.

I agree, shorter-term plays are tough in the current environment, and patience paired with a strong strategy often leads to success, unfortunately this is a strategy that a lot of real estate investors don’t really have the experience and the patience to follow.

So it serves multiple purposes and I would strongly encourage it

Love to see so many strong opinions on this topic!

.- Debris littered the recently occupied unit, the basement, and all over the back yard.As mentioned, we had an initial video walk through before the contract to purchase.