Inspect to verify compliance.

I'm just exploring, gaining knowledge and conducting research before I pull the trigger on anything.

There can be more compliance work and potentially higher costs compared to just a Self-Directed IRA. 6) If you decide to rollover to a Self-Directed IRA first (your pre-tax money) you can always rollover that money into a Solo 401k when you eventually qualify.

For example; young professional may trigger higher demand for smaller units.

It would be tough to make the case that you work more hours than your property manager, which is my best guess (for someone who is not a tax professional) as to what triggered the audit. 

Hey any investors who use seller financing who wants stay in compliance with the safe act and Dodd Frank Have you hired a rmlo and how was the process? 

I think the question is whether you want to look like a threat to the police and other trigger happy wannabe vigilantes (yes, could be one of your tenants).

For the modifications, cities generally focus on safety and code compliance, but since you're considering structural changes like wall removal and garage conversions, obtaining permits is key.

That being said life isn't black and white if its keeping you up at night don't do it but I think you will be surprised at how easy and not scary it is once you pull the trigger.

With a land trust, the legal ownership remains with the trust, helping to avoid triggering the DOS clause when transferring beneficial interest rather than title.