So I have 5 years of 0 expenses other than the basic necessities (insurance, gas, custody lawyer, kids, etc).So since I have a great opportunity here, need some advice on possible ways to take advantage of this.

They have custody of his two kids from that relationship so I’m assuming he has cleaned up his act.

I have custody of my four kids and am working fulltime + in construction.

@Monica Diaz if you do a 1031 you absolutely need a QI to custody the funds in escrow.

Compared to the IRA, Solo 401k contribution limits are roughly ten times higher and there is no custodial requirement for the 401k.

It's very cheap money (1-2% custodial interest and 3-4% paid to yourself) and I figure it could be our padding should an extended lack of cash flow hit our properties.

@Ilan M AliphasI think a lot of the potential for poor custodial experiences (which result in the reviews you've seen) has to do with giving so much control to a third party that may or may not meet your expectations.

If you wanted to start now I'd convince your parents/ guardians to set up a custodial account with Schwab or another brokerage you can research and invest in real estate stocks such as Invitation Homes, Lennar, American homes for rent, Zillow etc. 

The latest push comes amid social justice efforts that are gaining traction following nationwide protests in response to the death of George Floyd in police custody.

To do so, we need to transfer his money to a SDIRA account.Can anyone refer a great custodial we can work with?