Here’s a streamlined game plan for your situation:Leverage Your Current Home: Rent it out for $1,700/month to generate $600/month in positive cash flow ($1,700 rent - $1,100 mortgage).

Therefore the property types that are the most favorable to generate bonus depreciation will be those with a high degree of what the tax code refers to as "land improvements".

Conservative LTV first trust deeds are currently paying over 9%  and generate good cash flow when buying doesn’t make sense.

I have extensive experience in calling different lists such as:Absentee OwnerVacant LandsFSBO'sPre-ForeclosureEvictionProbate leadsI have experience in making outbound cold calls to homeowners and generating qualified leads.

So, unless  you can generate charges that fit the "business," you will pierce your corporate veil. 

Only Airbnb and Zillow have yielded residents, though a few other sites have generated inquiries.

When working with your accountant, keep in mind that the self-employment activity must be the type to generate earned income rather than passive investment income in order to be eligible for the Solo 401k.

My partner and I are looking to create a portfolio of long term rental properties to create freedom and independence from our W2 jobs, and create a foundation for generational wealth.

:)Having done something similar years ago, would advise you NOT to quit W-2 until you have a crew you can depend on to do at least 80% of the rehab work.You should also be building a network that exposes you to more deals than you can currently handle.Otherwise, you're just trading one job for another and won't be able to scale enough to generate the number of flips you need to replace W-2 job.

Joshua- I have a feeling you're right about how much interest a chatroom would generate.