Selling the property within your Solo 401(k) and returning the proceeds to the account simplifies compliance and ensures tax-deferred growth (or tax-free in a Roth Solo 401(k.)).

Erosion control has passed, and the permit is displaying "issued" status again, so that is resolved.On the lending side, I have signed for another extension. 

@ Charles H. you mentioned you invested in the Rod K course online...would you mind sharing any other takeaways?

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

Quote from @Leroy K.

Quote from @Monika Ruszaj: Quote from @Leroy K.

Quote from @Jim K.: Quote from @Michael Poloncic: Three individuals signed a lease together, all friends, the lease is set up where each of them are expected to pay 1/3 of the rent.

Earning 50 k/year like he is, that would be 1/5 of what you make to pay it off.

@Santosh K.

Look into FHA 203(k) loans for repairs and down payment assistance programs in your area.