Additionally, my wife and I currently own a home in Encinitas, CA, that we purchased for $795k in 2016 and is now worth about $1.5M.

A few additional items to help you: 1) If you have a Roth IRA, a Roth IRA can't be rolled into the Solo 401(k), only pre-tax funds.

Add a pull out couch for additional sleeping.

If things aren't looking good I'll bake in an additional 10% to protect myself.6.

Add $12k to your cost, generate an additional $200 / month in NOI, and now you’re at a 5.52% cap.

Additionally, TurboTax won’t be able to handle the more advanced calculations you’re trying to perform.

the house has a bunch of equity, being worth about 750k when fixed up.I  know that on a standard convenetional mortagage foreclosure, there usually additional fees such as unpaid interest, attorney fees etc, apart of the princiapl balance.Is there a way to conservatively assess what will be the actuall "Pay-off" on the 1st?

**Additional Tips:**- Ensure you have a solid exit strategy, whether you decide to hold or flip.

**Example**: - Mortgage payment to lender (P+I+Escrow) = $1,500 - Additional monthly payment to seller = $300 - **Total Monthly Outlay** = $1,800### Key Points to Consider:- **Seller Financing**: Payments can be structured with or without escrow.

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.