My name is William Yang, I am 21 years old from Aruba the caribbean and now living in the Netherlands to finish my school (Fianancial Administration).

Please correct me if I misunderstand any of these concept.For self-directed Roth IRA, I believe can contribute $5,500 each year until my MAGI is greater than $117,000.

@Freddy Yang Sure, shoot me a PM anytime or email me (address in profile).

@Angus Yang welcome to BP and specifically the Bay Area crew.

Thanks for the feedback @Wei Jie Yang.

@Nhia Yang Welcome to BP from another Tulsa area investor. 

Originally posted by @Chheang Yang:@Sunny D., one thing to take a look at are the property taxes.  

Passive losses can only be deducted against ordinary income up to the $25,000 special allowance, and even then you're MAGI must be under $100,000.How many deals like this have you personally done and how much of your own cash is going into the deal?

Also @Frank Yang I do not believe that you NEED attorney review in NJ.

Main issues are renovating units one off with people still living in the bldg, and having a mix of tenants and owners in the bldg (yin and yang...if you will ;) So as the owner you will probably have to manage all that