And the Solo-K would enable you to borrow $50K from the retirement balance to use as you please.

Quote from @Emira K.: @Jaycee Greene flip and fix, under 150kSomething like this: https://www.realtor.com/realestateandhomes-detail/1542-Haine...?

Just curious, is there any tax benefit to filing as a regular partnership and issuing k-1s to ourselves that show a loss?

Bizarre.My wife and I also have a self-directed 401(k) plan, @Tina Artigliere and @Alicia Prokos.

The houses would be looking at I'd imagine would be about 7 to 800 k taxes would be about 4K hire a year.

Also - it sounds as if there may be a deficiency here.

Quote from @Sean Allen Fenn: Quote from @Steve K.: Quote from @Sean Allen Fenn: Quote from @Steve K.: I set up LLC's on the secretary of state website for $50 and it takes about 10 minutes. 

Syndication Reporting IssuesMissing Form 8918 for reportable transactionsInconsistent investor disclosuresRequired registrations skippedWhat Doesn't Actually Matter:(Despite What Your Uncle's CPA Says)Special AllocationsNormal promote structuresStandard waterfall provisionsTypical developer promotesReality: Unless extremely aggressive, IRS rarely caresTechnical DocumentationMinor §704(b) gapsCapital account glitchesTechnical allocation languageTruth: Unless hiding something biggerProperty Value AllocationsNormal basis step-upsTypical appreciation splitsStandard promote calculationsReal World Example:🏢 100-unit apartment complex4 partners, $5M dealDeveloper promote structure= Zero IRS interestSame Deal With Red Flags:🏢 100-unit apartment complexHidden partner arrangementsArtificial loss allocationsUnreported debt shifts= IRS AttentionPractical Protection Steps:Basic Documentation✅ Clean operating agreement✅ Economic substance✅ Partner contributions tracked(Don't need War & Peace complexity)Economic Reality✅ Allocations match economics✅ Real money movement✅ Actual partner participationClean Reporting✅ Consistent K-1s✅ Required forms filed✅ Clear communicationThe "Sleep Well" Test:Can you explain your structure to an IRS agent without sweating?

Quote from @Ryan Schwartz: Quote from @Steve K.: What makes the property unique and why can't you find a different property that meets your needs?

Quote from @Cameron K.: Quote from @Jay Hinrichs: Quote from @Cameron K.: Quote from @Jay Hinrichs: Quote from @Cameron K.: I'm working on a project called Propradar which might be helpful.