Your $30k should be your emergency fund and not used for new investments at this time.Consider talking to a CPA or financial advisor.

The IRS doesn’t allow both parties to claim the same interest amount, so clear documentation is critical.This post does not create a CPA-Client relationship.

I need a CPA and had a quick consult but haven’t found someone I love.

My one suggestion: do not conduct business with anyone (here or anywhere) without having your lawyer and maybe even your CPA reviewing all the paperwork.Also, stay far away from LPs.

If the signs point to selling, consult your CPA about the tax implications.

Hey Travis, I’m not a CPA and I can’t give tax advice.

Prioritize properties with strong rental potential and set aside reserves to handle unexpected costs.Finally, familiarize yourself with tenant laws in your target market, especially in Portland, and consult a real estate-savvy CPA for tax efficiency and legal considerations.

A Solo 401(k) may be advantageous for self-employed individuals, offering the potential for participant loans, higher contributions, and no custodian fees, as well as higher contribution limits and the option for tax-deferred or Roth contributions.This post does not create a CPA-Client relationship.

CPA's should be more careful on details.

@Claude Diehl,You don't need a CPA or tax expert here; this is a straightforward transaction.