Most likely galvanized pipes. 

Would like to develope some multifamily soon.

It may or may not bump up your nightly rate, but will likely bump up your occupancy from people looking for more sleeping capacity.Can you replace the King with 2 Queen beds?

This is really a lot of information packed into a densely worded post.Yes, you can use loan proceeds to buy out another member, but it doesn't seem like you'll have enough to buy out and develop.

Sights are set on all types of REI, but this will be a great start for us.I have been in the mortgage business for over 20 years.

Looks like we'll be neighbors...!

this deal seems like a lot of risk and I am interested to seeing how it turned out.The tenants were a few weeks away from the foreclosure auction.

For the 2024 tax year, the contribution limits are:SEP IRA: Up to 25% of your compensation or $66,000, whichever is lower.Solo 401(k) (Best for owner-only businesses):Employee Contribution: Up to $23,000 (or $30,500 if you're 50 or older), BUT this had to be made by December 31, 2024 to count.Employer Contribution: Up to 25% of your compensation, with a total cap of $66,000 (or $73,500 if you're 50+).Key Takeaway: If you missed the Solo 401(k) employee deadline, a SEP IRA is still an option since contributions can be made up until your tax filing deadline (March 15 for S-Corps/Partnerships, April 15 for Sole Props/LLCs).Who Should Consider a SEP IRA vs. a Solo 401(k)?

The IRS's assignment of income doctrine says earned income is taxable to the individual, even if paid to a third party (like a church).Also, 1099 vs.

This is one of the best ways to scale a portfolio while keeping low out-of-pocket costs.Big Picture: The Best Move for You•If you need funds now, a HELOC in your name makes sense—but keep the rental in your personal name to avoid triggering the due-on-sale clause.