I rip out the stinky carpet and renovate the house including a roof, termite treatment, and all new flooring and appliances. $15,000 later, I have a really nice house that rents for $800 per month.

@Darren Looker There are several factors to consider in order to fully assess the various approaches.SDIRA vs Solo 401k: Solo 401k can be used by those with self-employment income and no full time employees (other than a spouse) and benefit from more favorable tax treatment than SDIRAsWhat is your current marginal tax rate and how does that compare to expectations about the future?

The second gives you both tax deferred treatment in a 1031.  

@Sheri Fluellen, As several have alluded to a membership position in an LP will not qualify for 1031 treatment. 

The family we guaranteed rent to on their existing home, giving them the flexibility to buy with a partner builder and move out of state to be closer to the best treatment facilities when faced with a difficult diagnosis.10.

Be a great landlord - Provide timely communication, responsive maintenance, and fair treatment.

Both have ethics and standards, but NAR is more geared towards ethical treatment of other agents and clients (this is to protect the sharing of information on the MLS).

Yes, They can require multiple treatments sometimes.

Account ClosedThe bookkeeping for each of those businesses is very different and they each require treatment accordingly. 

You just have to file a document called in election with the IRS.You can file form 2553 with the IRS to elect for S corp treatment.