@Raymond C WestSetting up a single-member LLC is straightforward.

On paper sit down with a realtor and an REI investor and build a scaling template so you can see the path ahead.  

If it will stress you out, maybe another path is prudent.  

With a background, $40K saved, and drive, real estate can be a great path to financial freedom.Good Luck!

Be sure to let them know the advantages of working with you.Personal Property SignsGenerally considered one of the most straightforward strategies exercised by those trying to find cash buyers, personal property signs are exactly what they sound like: signs placed on a subject property with the intent to market it.

You're asking the right questions, and you're on the right path!

If you are pursing that path then one spouse alone must meet both tests.Qualifying hours for the 750 include time spent working on the business activities mentioned above.Again, more than 50% of your time means this is way more than a hobby.

While, a reservation on Furnished Finder or Airbnb, for example, might be a bit more straightforward. 

This needs to be highlighted in the lease and acknowledged by them.Security Deposits: You can’t use their security deposit for routine cleaning, but if they leave things in bad shape beyond normal wear and tear, it’s fair game to deduct cleaning costs.I’d start by having a straightforward talk with them about the importance of keeping things clean for health reasons and property preservation.

If so, you will need to rollover those funds into respective money sources of pre-tax and Roth. 2) Analyzing whether to use IRA or Solo 401(k), is fairly straight forward, when the intent is for you to have your own business and want to use the funds for real estate investing.