@Jose Amezaga, I suggest you look on the Small Business Administration website to help with understanding what it takes to get a business up and running. 

If the government decides that whatever money he puts into the deal was gained through illegal activities (e.g. drug dealing, extortion, etc), they can seize those funds - and I guess any assets he acquired through their use.2.

@Rupert GrantGenerally if you're eligible for a Solo 401k, it makes sense compared to a self-directed IRA for many reasons: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.You can borrow up to $50k from the plan; IRAs do not allow participant loansThere is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)The one exception I can think of is if your primary goal is to self-directed Roth IRA funds.

CMHA (administrator of Cleveland Section 8) sent out this notification on yesterday:Dear Landlord,As you may know, there has been a partial shutdown of the Federal government.

The only 2 violations you can say no without cause is drug trafficking and manufacturing.

If the SPD is not available, the plan administrator or human resources department should be contacted for a copy of the most updated version.

Ask the plan administrator or trustee to see if the plan document has this provision in it.

He explained that the reason because of his drug addict son.

@Frank GrecoIt's difficult to answer this without knowing your facts, circumstances, and goals.If the properties are located in Florida and you're more than likely to move than not, a Florida LLC to hold the properties would be preferable to a New Jersey LLC or Delaware LLC for administrative/overhead purposes.

There is likelihood of appointing an administrator after their death.