If suddenly there is a reduction of cash flow and now the distributions are no longer enough to satisfy the annual return hurdle, the unpaid portion starts to accrue. 

I will be retirement eligible in 10 months and I don't have the same worries as my contemporaries, like where I am going to find my next job, what salary I am going to need to maintain my quality of life etc.... because I have a decent portfolio of investments accrued over the years....Message me if you have any more specifics. 

Hi Liliana,  I don't know anything about NY, but I did search out of curiosity. 

Hi @Cindy Heselton,Out of curiosity, what areas are your properties in?

im converting this solo 401k into a roth before i do anythingim confused as to whether any profits my activities bring in inside the entity create any taxable events .as to say purchasing or creating a note. will the monthly payments be accruing tax free ?

Curiosity what are your going rates for units near you?

It's been taxed already (or rather, the taxes have been accrued.)Depending on your overall situation, you may save a few grand by restructuring your LLC as an S-corp and starting a formal W2-style payroll for yourself.

However, if a taxpayer has assumed most (or enough) of the benefits and burdens of ownership in a residence, he may be able to enjoy the tax benefits that accrue. 

Out of curiosity though, what are the requirements for the Fannie Mae HomeStyle in terms of the length of time that one must live in the property before it can be rented out?  

What are the typical vacancy rates in the area - I realize the answer to this is going to be very geography specific, but how do you even go about determining vacancy rates;Is non-payment of rent (uncollected rent) an issue and what are investors accounting for;What are the typical eviction timeframes one should expect in Indy or in St Louis; Although $600/mo in rent satisfies the 1% rule assuming a $60K purchase price, can an investor in fact accrue maintenance funds (while operating in the black) quickly enough to satisfy maintenance needs as they arise (i.e. a 10% maintenance accrual on a $600/mo rent is only $60/mo or $720/yr.