I agree with @Collin Hays especially in a state like NJ that is very one sided in terms of landlord/tenant situations.

Here's my situation:2024:- W2 income: ~ $1M (married filing jointly in CA) LLC profit: $80K (from 2 real estate flips, in NC on spouse's name)Capital loss carryover: $380K (from stocks in 2023)In what cases can my LLC profit be treated as capital gains? 

Quote from @Anshuman Thakur: Can someone please shed some light on how- convert 401k to SD IRA- how to use SDIRA to buy properties- how much down payment is typically required if we are using SDiRA to only fund downpayment on a multifamily CRE, and which banks typically work with SDIRAs- how does LLC structure- property management and cash flow work in this situation?

What are the pros and cons of each situation?   

@Kevin Bartel I would say pick the type of real estate that matches your situation best. 

Remember your situation is unique so it's important to consult with a tax advisor or CPA to explore all available options and ensure compliance with tax regulations.Thanks!

Can anyone recommend  a lender in the area who could accommodate this situation?

Depending on your situation, I can recommend 1-2 contractors on Long Island.All the best!

NEW Metal Roof on Both House & Garage, Situated on Large 0.43 Acre Lot!

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