Therefore, both spouses can supercharge their retirement savings by contributing a combined amount of $118,000.If you are both owner-employees of the self-employed business sponsoring the solo 401k plan, both of you can participate in the same solo 401k plan. 

However, by changing investment income to ordinary income, on would now owe social security and Medicare tax, at the combined rate of 15.3% (both sides), less deduction from income of one half of the tax, so effective rate of 12 - 13 %.  

We tore the toilet out, put a sanitary cover over the hole, took off a shower head, tore off the shower door, put both the toilet and shower head on the shower floor, placed an upside down box on top of both hiding them, randomly put the shower door in another room in the house, threw a bunch of other boxes and crap in there (it may have included boxed "first night in new home toiletries and celebratory whiskey"...), and I suggested that the agent use the term "storage closet" as he opened the door for the appraiser. 

The crap flows downhill and this is coming from Obama and the 33,000 new rules and regulations that they want to enforce on the small businesses. 

We have used a combination of niches: fix and flip, fix while occupying, quick turn wholesale deals, sold on lease option, carried back second mortgages for cash flow, bought with owner financing, bought from MLS, used direct mail, door knocked pre-foreclosures, went to courthouse steps to see if the auctions were for us.Now we are working to...um...

I was told by someone that if we make combined more than $128k we need to put down a minimum of 15%?   

s point, BRRR combined with portfolio loans could work.  

I spent a lot of time on roofs in my younger days, I just don't feel it's worth the risk now.Our long term goal is to generate enough passive income to at least match the current combined income of the wife and I.  

Combined with the other forums and podcasts out there you can spend a few weeks getting familiar with all this to make a good decision.But the short answer to you question is no - I would not buy this deal for $150,000 in order to run a mobile home park.  

So, I had a combination of hands on construction knowledge and management functions.