That property now rents for $1,600/mo and helps to supplement our mortgage.

This hands-on approach enables me to obtain useful information, allowing me to make informed judgments and alter my investment strategy as needed.Analyzing these precise elements of a property gives me vital information about its potential.

If you don't want to take out debt on the 1031 replacement property, then you can supplement $150K from the proceeds of the personal residence half -- or from any other source that you like.

Hi Mike - I have automated messaging for several points throughout the guest pre arrival and arrival and check out process, however I supplement that with my own messaging such as asking about restaurants or if they want to stay an extra night.

Bonus depreciation allows for the immediate expensing of a substantial portion of qualifying property placed in service, including improvements to the property, while increased Section 179 expensing limits enable accelerated deductions for certain tangible property used in the rental business.Hope that helps! 

And if you have to supplement a little from W2 there is nothing wrong with that too - you are improving your assets.But it hinges on asset quality.

If you have a good paying day job rental homes might just be a supplement to your income.

Hi @Jay Lam, we always require all owners to sign the property management agreement, so I'd recommend going back to you PM and enabling you both to sign.Best of luck!

thank you for all of the great responses.My original goal was to end up with approximately 10 SFH to supplement my retirement, but now that I have a couple in the works, I'm open minded to all aspects of RE. 

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.