You wear two hats, you’re the employee so IRS allows elective deferral (just like your current w-2 401k) up to $23k or $30,500 if over 50 AND the employer so you can also make profit sharing contributions of 20% if profit or 25% if gross payroll.  

We will see what happens with the election in the real estate market and then I will act accordingly.   

Not sure how other states was during the election, but one of the candidates running for senator here in Ohio ran on his campaign of cracking down on “predatory landlords”.

A couple additional facts that might be helpful, include that the HOA president rented his home out for 10 years (on Airbnb).

Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.This provision allows taxpayers to expense certain qualifying assets upfront instead of depreciating them over a period of years.However, there are several factors to consider when using this tax tool.Let’s break down how it works:What Is Section 179?

And four years ago, we all remember Donald Trump threatening to fire Jerome Powell if he didn't cut interest rates further at a completely unnecessary time, other than to help him try to win re-election.

Sandbags are piled all over certain neighborhoods yearly and it does get a little disconcerting.Sedona is a great market, but prices are high there and the mayor elected last year hates STRs.

And who knows what is in store with the jobs market.It also depends upon the election and what policies are implemented.I am hoping prices continue to drop in multifamily, and we see a pick up in activity.

However, this load should be paid off a little after a year so I do not think it makes much sense to do it and not sure what will happen to the RE market via the president swap.3) I am not a Professional Engineer Yet so doing the work for them at a discount would not be much help yet.

I have scheduled a site walk with the HOA President and contractor.