I completely respect that.

@Joshua HollandsworthWith all due respect, if you read all the posts, I think you have all the info you need to take action to figure out if this will work or not.

Your post bothers me in the respect that you don't have an exit strategy.

I would imagine it’s as simple as selecting the right bank account for the portfolio’s respectively properties, right?

I would love to hear from anyone willing to offer advice for novice REI with respect to buy and hold rental strategies, building a network, learning and finding various lending options, etc.This is my first discussion so if I've left out anything glaring please go easy on me.Thanks,Mike

Assuming the property is indeed owned jointly between the aunt and nephew, then 1/2 of the sale would be reported on their respective tax returns, and subject to their respective capital gains tax rates.FYI - a POA becomes null once a person is deceased.

This was a long term tenant who I like and respect, it was fun to show her my trust and support. 

A farmer will connect her, without self interest, and will continue to do so indefinitely.Ultimately the work can bear fruit many years down the line with a business opportunity, well after the salesperson has gained the prospect’s trust and respect.

I am just really bothered by the fact that she had no respect for our agreement and is now demanding all of these repairs be done at my expense. 

@David MorganWith respect to contributing to both a 401k including a solo 401k and an IRA, the rules allow for it; however, participation in a solo 401k plan may affect the individual’s ability to deduct a traditional IRA contribution; as a result, you may have to treat it as non-deductible IRA contribution.