What would be some common pitfalls in either transaction?

If you analyze any of the common strategies like BRRR, or sell and buy larger etc they have compounding as the corner stone.

@Wes HolmesHard money will have you personally guarantee the loan so if you fail they will go after your personal assets if there are not enough assets in the LLCThis is very common and investor need to realize that LLC may provide you some asset protection but most hard money lenders will get the PGFor us it’s a nonstarter if a borrower won’t sign one there is nothing further to discuss

Not an HOA issue if its considered part of the unit and not common area.

 I don't believe our system is set up to send reminders prior to it being due - rent is due on the 1st, which is pretty common so most people have no issues w/ remembering.

Water and sewer are common for landlord to pay.

There are specific requirements for the solo401k.You must be a business owner with no common law employees and earned income to supplement the 401k plan.

A dedicated team shares a common vision, working together to achieve sustainable success and maximize returns over time.👥 Networking & Relationships: Building relationships is crucial in real estate.

I'd love to see full picture context of inventory in other markets like I have here, I bet ya it's a common theme....

Many people who have common sense would believe in that so they stop short of saying that.